JAKARTA - A large transaction occurred on the crypto market last Monday. The large crypto owner entity or crypto whale made a single transfer of nearly US$505 million (around Rp7.3 trillion) in the form of Ethereum to Binance.
This transaction costs about 0.00183 ETH (approximately US$3.38 or Rp49,400) according to crypto whale movement tracker Whale Alert monitoring. Meanwhile, analytics firm Santiment noted that this transaction is one of the largest self-custody-to-exchange transfers in the last five years.
Not only that, but there is also one other address that moved a large amount of Ethereum to several Coinbase addresses in six separate transactions for 12 hours on the same Monday.
Since the beginning of 2023, the price of Ethereum has risen by more than 56 percent. However, the current price is still 61 percent lower than the all-time high of 4,878 US dollars (around Rp71 million) achieved in November 2021. However, in the last 24 hours, the price of Ethereum has increased by 3.31 percent, and almost 1.74 percent in the last seven days.
These major transactions show that interest in crypto assets, particularly Ethereum, remains high. Since early 2023, the price of Ethereum has increased consistently and stably. However, price fluctuations that occur in the crypto market must always be considered before making investment decisions.
In recent years, crypto has become a topic of conversation that is popular among investors and also in the media. Big transactions like this show that the crypto market can still provide huge profits for wise investors. Even so, crypto users must remain careful and observe every latest development of the crypto market.
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