It’s always interesting when an ancient crypto-whale suddenly starts moving again. This weekend it hit and an Ethereum whale woke up who collected his Ethers in 2017 as a miner and then held onto them for years. In total, this concerns 10,266 Ether, of which at least 1,322 (about $ 2 million) have been sent to the crypto exchange Poloniex.
Only $2,000 left
If the whale in question sent all Ethers to an exchange platform, it is clear that he or she no longer has much faith in Ethereum. The wallet from 2017 now contains only 1.25 Ethereum. All told, that’s worth about $2,000, which isn’t much compared to the $16 million worth of Ether left in the wallet over the weekend.
At the time of writing, you pay $1,569 for one Ethereum and the project is up 0.50 percent for the past 24 hours. Measured over the last seven days, it is a bit less and has to record a minus of 3.20 percent.
With that price of $ 1,569, Ethereum has a market cap of $ 192 billion. That is a huge amount, especially compared to all the competition under Ethereum. Only Bitcoin is bigger with a market cap of $432 billion. From its all-time high of $4,878, Ethereum has lost about 67 percent.
Ethereum whales and Shiba Inu
When it comes to Ethereum whales, we can’t leave Shiba Inu untouched. Shiba Inu is a so-called memecoin, which is basically based on Dogecoin and competes with it. At the time of writing, there is more than $600 million worth of Shiba Inu in the wallets of Ethereum whales.
With that, they own about 54 trillion Shiba Inu tokens. With those amounts, Shiba Inu is by far the largest ‘altcoin’ holding company for Ethereum whales. After the $ 600 million to Shiba Inu, MATIC follows in second place for an amount of $ 166 million.
In that respect, the Ethereum whales seem to see a future in Shiba Inu. This may have to do with the arrival of Shibarium, a kind of smart contracting platform for Shiba Inu that is currently in an advanced stage of development.