Whales in the crypto sphere have made significant moves with Ethereum ($ETH), as revealed by recent on-chain reports.

Celsius Network, in a notable development, released a pledge of 202,090 ETH, equivalent to $445 million, and initiated a transfer to the address 0xDb3…0998d. This address has now accumulated a total of 557,081 ETH, valued at a substantial $1.23 billion. 

两分钟前，Celsius Network 解除了 202,090 枚 ETH 的质押（价值 4.46 亿美金），并将代币转移至地址 0xDb3…0998d，代币暂未转移或卖出，将持续保持关注

地址 https://t.co/vM1ZmG9d6H https://t.co/jbHVmeTwKI pic.twitter.com/PvP0OD1589

— Ai 姨 (@ai_9684xtpa) January 23, 2024

The breakdown includes 354,991 ETH from the Celsius ETH pledge address and an additional 202,090 ETH from the Eth2 Depositor address. As of now, both pledge addresses have been emptied.

Further insights from Lookonchain indicate that the Celsius wallet deposited an additional 18,000 ETH ($40 million) to Coinbase just 12 hours ago.

Since November 13, Celsius has made cumulative deposits of $280.76 million in ETH ($621 million) to Coinbase, FalconX, and OKX. The current ETH holdings for Celsius stand at 540,029 ETH, amounting to $1.2 billion.

The #Celsius wallet deposited 18K $ETH($40M) to #Coinbase again 12 hours ago.#Celsius has deposited a total of $280,760 $ETH($621M) to #Coinbase, #FalconX, and #OKX since Nov 13.

And #Celsius currently holds 540,029 $ETH($1.2B).https://t.co/3gGOucC9gY pic.twitter.com/cNxa0Wgd73

— Lookonchain (@lookonchain) January 24, 2024

ETh Whale Liquidated 19,716 Tokens, Resulting In Massive Loss

In a separate development, an ETH whale with a 100% winning rate since November decided to liquidate 19,716.5 tokens, valued at $43.75 million. This move resulted in a cumulative loss of $3.17 million. 

11 月以来胜率 100% 的 $ETH 巨鲸昨晚清仓 19,716.5 枚代币（价值 4375 万美金），累计亏损 317 万美金！

至此，2023.12.28- 2024.01 期间建仓代币已全部卖出，均价 $2218（平均成本 $2380），巨鲸的这一轮波段以亏损告终

下一次再写这个巨鲸，就得换个称呼啦https://t.co/qUXQhO3h3c pic.twitter.com/rPA4NJT8L4

— Ai 姨 (@ai_9684xtpa) January 24, 2024

Notably, all tokens acquired during the period from December 28, 2023, to January 2024, have been sold at an average price of $2218, with the average cost being $2380. This particular round of the whale’s trading activity concluded with losses.

These recent maneuvers by significant players in the Ethereum market highlight the dynamic nature of crypto transactions and their potential impact on token prices and market trends.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: fellowneko/123RF // Image Effects by Colorcinch

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Filed under: Bitcoin - @ January 24, 2024 8:24 pm