Recently, the transfer of 10,000 ETH, valued at approximately $24.93 million, was recorded from the Gemini exchange to an unknown wallet. Such moves, while not unheard of in the crypto world, tend to indicate the activities of significant market participants, known as whales.
These whales' movements are notable as they usually occur before major market changes or price movements. The transfer suggests potential strategic planning or changes in market behavior among these large investors.
Investors and market observers are therefore speculating on whether now might be an opportune time to buy Ethereum, as whale accumulations often herald broader market shifts.
Source: www.thecoinrepublic.com ↗
