Ethereum Whale Abruptly Moves Over $280,000,000 in ETH – Here's Where the Crypto Is Going

A deep-pocketed Ethereum (ETH) whale is suddenly moving hundreds of millions of dollars worth of the top altcoin to an unknown wallet. According to whale-surveying platform Whale Alert, the high-net-worth trader moved 247,979 ETH worth about $280,000,000 at time of writing from one unknown wallet to another.

Timeline of Ethereum

Ethereum core developers have indicated support for EIP-4844, a highly-anticipated scaling proposal, to go live in a future upgrade. The post Ethereum core developers signal support for ‘proto-danksharding' appeared first on The Block.

What happened: On Wednesday a total of 1,344.91 Ether (CRYPTO: ETH) worth $1,616,963, based on the current value of Ethereum at time of publication ($1,202.28), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

Ethereum developers had their weekly call to discuss what features should roll out in the next hard fork. Marius Van Der Wijden said coders were already working toward staked Ether withdrawals prior to the call.

Ethereum (CRYPTO: ETH) — the cryptocurrency that spawned the Web 3.0 industry — is seeing less activity and trading interest, but big holders apparently still believe in the protocol's future.

ETH price reclaims demand zone of $1,200 as the price aims to trend higher Price continues to look bearish with the market's current state, as most traders and investors remain cautious  ETH price bounces from a low of $1,100 on the daily timeframe as it eyes a recapture of $1,300 above the 50 Exponential Moving Average (EMA) Ethereum (ETH) continues to display a better price action than Bitcoin (BTC) as the price reclaims the demand zone and eyes a further rally to a region of $1,300 if the crypto market remains calm ahead of a monthly close. Despite the relief bounce from Ethereum (ETH), the price still trades below the key region of interest that would attract the attention of many buyers.

Ethereum's whale addresses are increasing their accumulation of the second-largest cryptocurrency, according to Santiment. The analytics firm reported that wallets holding between $10.9 million to $1.09 billion worth of ETH scooped 947,940 ether (worth $1.1 billion) on November 21.

Ethereum whales are accumulating ETH in significant amounts Validators show interest in Ethereum, despite declining revenue With all the attention in the crypto-space being directed towards the FTX saga, whales and sharks have been accumulating ETH under the radar.

Vitalik Buterin Ethereum Transfer News: A transaction showing transfer of 40,000 Ethereum (ETH) was seen on chain on Thursday. The post Vitalik Buterin Behind 40,000 Ethereum (ETH) Transfer?

As the cryptocurrency market continues to switch between green and red after a difficult few weeks, Ethereum (ETH) is making small daily gains, leading crypto experts to identify crucial levels for these modest increases to continue.

Ethereum core developer Artem Vorotnikov says development work on the Akula client will stop in the wake of a Paradigm-funded competitor. The post Ethereum node project Akula shuts down in wake of Paradigm competitor appeared first on The Block.