Whales saw the sharp drop in Bitcoin and cryptocurrencies as an opportunity to buy Ethereum.
According to the on-chain data and analysis account Lookonchain, whales took advantage of the drop, as shared on April 13.
A whale with the wallet “0x4359” bought 37,018 Ethereum (ETH) worth of 120 million dollars from Binance today. The same whale collected 62,141 Ethereum worth 202 million dollars on Binance in a 5-day period.
Another newly opened wallet withdrew 7,300 Ethereum worth 23.8 million dollars from Binance today.
Ethereum dropped from around 3,550 dollars to 3,060 dollars levels yesterday evening in line with the drop in Bitcoin and the crypto market. Ethereum, showing some recovery afterwards, is finding buyers at around 3,221 dollars at the time of writing.
