Whale Ethereum Deposits 15,000 ETH Worth IDR 374 Billion To Gate.io

Whale Ethereum sends ETH to the crypto exchange. (Photo; Doc. UToday)

JAKARTA - Crypto whale movement tracker Whale Alert reported that an unknown crypto wallet address had just transferred about 15,000 Ethereum (ETH) worth about 24,579,443 US dollars (equivalent to Rp374 billion) to the Gate.io crypto exchange.

Until now, the identity of the sender and recipient is still unknown. This transfer has attracted the attention and speculation among the crypto community in general.

This delivery took place at a time when the crypto market was experiencing significant volatility, especially in the native cryptocurrency of the Ethereum network, namely ETH. The ETH value recently fluctuated drastically, hitting a record high before experiencing a correction.

Therefore, the transfer of large amounts of ETH to large exchanges such as Gate.io is a special concern and is likely to be discussed among traders and investors.

Gate.io itself is a trusted crypto exchange based in the Cayman Islands, which allows users to trade cryptocurrencies with other cryptocurrencies or fiat currencies. The exchange has a significant user base known as an easy-to-use user interface (UI) as well as a wide trading feature.

Although the mysterious figure of 15,000 ETH to Gate.io has not been revealed, it is likely that ETH sales at Gate.io will attract public attention. It also has the potential to trigger discussions about the impact of the large transfer.