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Whales have become active ahead of the U.S. Federal Reserve rate hike decision. In spite of the lateral movement of the price of aether, have moved about 500k eth in the last 2 days.
Whales moving massive quantities of etheum (eth) during the fomc meeting is a cause for concern as it can lead to a sale in the crypto market. Not only whales, but crypto trading firm Amber also transferred 10,000 worth $15.8 million to crypto exchange recently.
Crypto Trading Amber company has also transferred $10,000 in value to crypto exchange recently.
Why do whales throw ethereum (ethem)? On February 1, a whale alert reported that a whale had displaced $295 million worth of 186,429 eth in an unknown portfolio. Further on-chain analysis revealed the wallet is likely linked to Genesis
A whale transferred 16,254 worth 25,946,734 from Wrapped Ether to an unknown wallet today. Meanwhile, another whale dumps 16,109 Bitstamp.
On Tuesday, Whale Alert reported a whale moved over 65 million Luno. Meanwhile, another whale unloads 16,109 bitstamp.on on Tuesday, warning whale reported a whale moved more than 65 million luno. Also, a whale transferred 24 809 Dw valued at 38 830 768 at . similar whale transactions have been recorded within the past 48 hours, causing pressure to rise in advance of the U.S. Federal Reserve's decision to raise rates.
Ethereum Under Pressure Ahead of U.S. Fed Rate Hike
Ethereum (ETH) price jumped nearly 1% in the last 24 hours, with the price currently trading at . In total, whales have transferred close to 500,000 ethers (EPEs) over the past two days. Price rose by almost 1% in the last 24 hours in anticipation of rising US-fed rates, with the currently negotiated price of . the lowest and the highest 24 hours are $1,569 and $1,598, respectively.
Wall Street experts believe the Fed is likely to slow the interest rate hike to 25 bps due to cooling inflation, strong jobs data, and an increase in the U.S. GDP growth rate at 2.9% in the fourth quarter.
Also ReadOn-Chain Date Warns Bitcoin Price Risks Falling to $21,000
- ETH Whale
- Ethereum
- U.S. Federal Reserve
