The crypto trading volume has risen by 25.9% over the past 24 hours. The high number of transactions could have been highly attributed to whales making big trades in BTC, ETH and major altcoins. Ethereum whales buying crypto as optimism…
The crypto trading volume has risen by 25.9% over the past 24 hours. The high number of transactions could have been highly attributed to whales making big trades in BTC, ETH and major altcoins.
Ethereum whales buying crypto as optimism grows
Ethereum (ETH) whales have been quite active over the past 24 hours. There have been major transactions, such as a whale that bought 620 $weth ($1,018,629), according to WhaleStats. Another whale bought $ 1,012 $weth ($1,640,209), and another bought $ 2,003 $weth ($3,246,382).
ETH has had an exciting week as it battled to reach $1,700. Its recent surge over the past week has created optimism in the market, and many hope the bear market is finally over. However, this week has started with a correction back to $1,630, a 2.24% drop over the past 24 hours. However, it’s a 0.76% gain over the past week.
BTC crossed the $23K mark prompting whale activity
BTC recently crossed the $23,000 mark and has caught the attention of whales in the crypto market. In just three transactions, the whales moved $743 million in crypto.
On Feb. 3, one whale moved 13,369 BTC ($311 million) from an unknown wallet. The holder was among the top 65 BTC wallets, BitInfoCharts show. The next day, ETH worth $309 million was moved, followed by a $123 million transaction from Gate.io to an unknown wallet by a single entity, making it the second largest in its history.
Source : [Crypto trading volume rises by 25.9% due to whale moves](crypto.news/crypto-trading-volume-rises-by-25-9-due-to-whale-moves/) by Samuel Mbaki Wanjiku - Bitcoin Ethereum 000•crypto.news by Samuel Mbaki Wanjiku / February 06, 2023