Whale Alert, a blockchain tracking platform, has identified six consecutive transfers of Ethereum worth slightly over $100 million each. These transfers were conducted within an hour and involved a total of 168,000 ETH valued at $603 million. Simultaneously, the price of Ethereum experienced a surge of nearly 6%. In related news, BlackRock's Ethereum ETF, ETHA, saw a net inflow of $33.88 million, contributing to a total inflow of $3.559 billion. However, BlackRock's Bitcoin spot ETF, IBIT, experienced the largest single-day outflow of $332.6 million, surpassing the previous record set on December 24. This news comes after criticism from Bitcoin investor Robert Kiyosaki regarding BlackRock's alleged efforts to suppress the price of Bitcoin.
- Content Editor ( u.today )
- 2025-01-04
$603.3 Million in Ethereum in Single Hour as Price Spikes — What's Happening?