{"id":9439,"date":"2020-07-24T17:23:13","date_gmt":"2020-07-24T14:23:13","guid":{"rendered":"https:\/\/forklog.media\/?p=9439"},"modified":"2020-07-24T17:23:28","modified_gmt":"2020-07-24T14:23:28","slug":"whales-transfer-over-700k-eth-in-pre-pump-positioning","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/whales-transfer-over-700k-eth-in-pre-pump-positioning\/","title":{"rendered":"Whales Transfer Over 700K ETH in \u2018Pre-Pump Positioning\u2019"},"content":{"rendered":"<p>Ethereum\u2019s (ETH) top 100 holders have moved more than 700,000 ETH ($191.1 million, at press time) to exchanges, over the past three days. Analysts at crypto analytics platform Santiment believe that this might suggest that the leading altcoin is on the verge of another pump.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Nearly 700K <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> were moved by top 100 whales in the past 3 days. Over this time, the combined balance of the top 100 non-exchange ETH addresses shrank by almost 700K ETH, or about ~$182.7M. This was likely pre-pump positioning &amp; a forewarning of the pump. <a href=\"https:\/\/t.co\/mcqQYGbZGd\">https:\/\/t.co\/mcqQYGbZGd<\/a> <a href=\"https:\/\/t.co\/pM3fM6TzwC\">pic.twitter.com\/pM3fM6TzwC<\/a><\/p>\n<p>&mdash; Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1286131575722094592?ref_src=twsrc%5Etfw\">July 23, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>ETH has broken the resistance zone of $250 it had been keeping since summer 2019, as pointed out by Carmine Lemone Investments CEO known as Bitcoin Kang.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> take a step back and enjoy the view. <a href=\"https:\/\/t.co\/HunBGySvHI\">pic.twitter.com\/HunBGySvHI<\/a><\/p>\n<p>&mdash; Kang \u26e9\ufe0f (@bitcoinkang) <a href=\"https:\/\/twitter.com\/bitcoinkang\/status\/1286073446183636994?ref_src=twsrc%5Etfw\">July 22, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Micha\u0451l van de Poppe of the Amsterdam Stock Exchange also believes that Ethereum\u2019s best days are still ahead.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The total market cap of crypto will break out (most likely) upwards. <\/p>\n<p>That&#39;s not going to be through <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>.<\/p>\n<p>That&#39;s going to be through <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>.<\/p>\n<p>As <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> is very undervalued.<\/p>\n<p>&mdash; Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1286010967042686976?ref_src=twsrc%5Etfw\">July 22, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At press time, ETH price has passed the $270 price mark, having gained 3.5%, over the past 24 hours. The coin\u2019s market cap has exceeded $30 billion, at press time.<\/p>\n<p>At the same time, the median transaction fee on the Ethereum network has reached its mid-2018 levels at around $0.4. CoinMetrics analysts believe the active development of decentralized finance (DeFi) to be the reason behind that.<\/p>\n<p>As forklog.media previously <a href=\"https:\/\/forklog.com\/en\/report-hackers-took-advantage-of-eth-mempool-congestion-to-steal-8-3m-makerdao\/\">reported<\/a>, bad actors stole $8.3 million from DeFi protocol Maker DAO by manipulating the Ethereum\u2019s mempool.<\/p>\n<p><b>Follow us on <\/b><a href=\"https:\/\/twitter.com\/forklogmedia\"><b>Twitter<\/b><\/a><b> and <\/b><a href=\"https:\/\/www.facebook.com\/forklogmedia\"><b>Facebook<\/b><\/a><b> and join our <\/b><a href=\"https:\/\/t.me\/forklogmedia\"><b>Telegram channel<\/b><\/a><b> to know what\u2019s up with crypto and why it\u2019s important.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum\u2019s (ETH) top 100 holders have moved more than 700,000 ETH ($191.1 million, at press time) to exchanges, over the past three days. Analysts at crypto analytics platform Santiment believe that this might suggest that the leading altcoin is on the verge of another pump.<\/p>\n","protected":false},"author":8,"featured_media":9446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[20,30,46,172],"class_list":["post-9439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-altcoins","tag-cryptocurrency","tag-ethereum","tag-markets"],"aioseo_notices":[],"amp_enabled":true,"views":"1102","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/9439","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=9439"}],"version-history":[{"count":7,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/9439\/revisions"}],"predecessor-version":[{"id":9448,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/9439\/revisions\/9448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/9446"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=9439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=9439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=9439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}