Details of the Ethereum TransactionThe recipient address appears to be relatively new, only being active for just a few months. The first transaction to the address was a mere ‘test’ of 0.2 ETH received. In the past few days, the whale was also sending small chunks of 1,300 ETH or so to the address — until finally sending a larger ETH stash this morning. The sending address has been completely cleaned out of any remaining ether it has, but still holds over $178,000 in ERC-20 tokens.
ReactionsThe reactions to the transfer have largely been those of confusion and general ambivalence. (Just another day in the cryptocurrency market, it seems.)
Ethereum is currently trading at $143 at the time of writing, being down -4.5 percent on the daily. Although still boasting a healthy trading volume, Ethereum is in choppy territory. The leading smart contract platform will also be undergoing a hard fork for its Istanbul update on Dec 4, the development team recently confirmed. Thus, we might expect further market turbulence as the hard fork date comes closer.
Oh well it’s all going on and on or I mean down and down— ukcrypto 🏴 (@andrewukcrypto) November 25, 2019
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