{"id":75459,"date":"2023-03-13T16:52:23","date_gmt":"2023-03-13T14:52:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75459"},"modified":"2025-09-10T11:47:42","modified_gmt":"2025-09-10T08:47:42","slug":"ethereum-whales-move-357-million-in-a-matter-of-minutes","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-whales-move-357-million-in-a-matter-of-minutes\/","title":{"rendered":"Ethereum whales move $357 million in a matter of minutes"},"content":{"rendered":"<p>On March 12, three whales, within a span of a few minutes, moved a total of 244,148 ETH (~$357 million at the time of the transactions).<\/p>\n<p>According to data from analytics service Whale Alert, the first user sent 120,874 ETH worth more than $177 million to an unknown address.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? ? ? ? ? ? ? ? 120,874 <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&#038;ref_src=twsrc%5Etfw\">#ETH<\/a> (177,177,677 USD) transferred from unknown wallet to unknown wallet<a href=\"https:\/\/t.co\/GJaJ3Cp8y6\">https:\/\/t.co\/GJaJ3Cp8y6<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1634716961367007233?ref_src=twsrc%5Etfw\">March 12, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The second whale moved 96,638 ETH (over $141 million) to an unidentified address.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? ? ? ? ? ? 96,638 <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&#038;ref_src=twsrc%5Etfw\">#ETH<\/a> (141,817,476 USD) transferred from unknown wallet to unknown wallet<a href=\"https:\/\/t.co\/NKfMeIqMVH\">https:\/\/t.co\/NKfMeIqMVH<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1634721784883826695?ref_src=twsrc%5Etfw\">March 12, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A third unidentified investor directed 26,636 ETH (~$39 million) to the Coinbase cryptocurrency exchange.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? ? 26,636 <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&#038;ref_src=twsrc%5Etfw\">#ETH<\/a> (39,143,078 USD) transferred from unknown wallet to <a href=\"https:\/\/twitter.com\/hashtag\/Coinbase?src=hash&#038;ref_src=twsrc%5Etfw\">#Coinbase<\/a><a href=\"https:\/\/t.co\/t7mCbBeGTt\">https:\/\/t.co\/t7mCbBeGTt<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1634722246198542337?ref_src=twsrc%5Etfw\">March 12, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Whale Alert also recorded several large transactions in altcoins:<\/p>\n<ul class=\"wp-block-list\">\n<li>65,000,000 CRV (~$55 million) <a href=\"https:\/\/whale-alert.io\/transaction\/ethereum\/0x83cd84fc671dd6ea8e7c2fc6d80a3a30c314c10cc330a61a0bcba52d7f6caf1f\">transferred<\/a> to an unknown address;<\/li>\n<li>20,000,000 CRV (~$17 million) <a href=\"https:\/\/whale-alert.io\/transaction\/ethereum\/0x002b3a293f931415801cb2e354ee43dd8855eeec710027a7384bc4d69b932a2f\">transferred<\/a> to the Aave lending protocol;<\/li>\n<li>20,205,417 FRAX (~$19 million) <a href=\"https:\/\/whale-alert.io\/transaction\/ethereum\/0xfbd72d14a712b6e0e2d8482f411043e6ead6f5bc3c537b5000fa435bb75f8f06\">transferred<\/a> to the Frax protocol;<\/li>\n<li>10,103,426 FRAX (~$9 million) also <a href=\"https:\/\/whale-alert.io\/transaction\/ethereum\/0xfbd72d14a712b6e0e2d8482f411043e6ead6f5bc3c537b5000fa435bb75f8f06\">transferred<\/a> to Frax;<\/li>\n<li>537,352 SOL (~$10 million) <a href=\"https:\/\/whale-alert.io\/transaction\/solana\/2o2PTeGtzXzGxohMT7w6RPGivoPZMfZEwfNGJrHVdAorBPBYqv9zszK5KV5ptTZu1oNBjHBCdsDHwFwK9K4jYULN\">transferred<\/a> to the Coinbase exchange.<\/li>\n<\/ul>\n<p>As of the end of October 2022, the whales&#8217; share of Ethereum&#8217;s circulating supply <a href=\"https:\/\/forklog.com\/en\/news\/whale-share-of-ethereums-supply-reaches-39\">reached<\/a> 39%, and Bitcoin&#8217;s 11%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 12, three whales, within a span of a few minutes, moved a total of 244,148 ETH (~$357 million at the time of the transactions).<\/p>\n","protected":false},"author":1,"featured_media":75460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1156,1596],"class_list":["post-75459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-institutional-investors-and-whales","tag-whale-alert"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=75459"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75459\/revisions"}],"predecessor-version":[{"id":75461,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75459\/revisions\/75461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/75460"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=75459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=75459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=75459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}