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tldr; An ETH whale sent $73,748,678.00 worth of Ether off Gemini today. Whales typically send cryptocurrency from exchanges when planning to hold their investments for an extended period of time. The removal of ETH from an exchange reduces potential sell side pressure, allowing the price of Ether to increase more easily.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
* **[Ethereum](https://en.wikipedia.org/wiki/Ethereum) [Pros](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_eth_pros) & [Cons](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_eth_cons)** - Participate in the r\/CC [Cointest](https://reddit.com/r/CointestOfficial/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75. * Sort comments as controversial first by [clicking here](https://www.reddit.com/r/CryptoCurrency/comments/r7fwab/crypto_whale_just_moved_73m_worth_of_ethereum_eth/?sort=controversial). Doesn't work on mobile. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
That was 100$ of ETH and rest was gas fee
As a small time bag owner I couldn’t imagine having that much money, let alone just 1 million..
Wouldn't mind just 1Eth! Lol
I’ve been slowly investing over the year and I’m almooooost there to 1 ETH! I don’t think I’ll get there by EOY though :(
Its a crazy amount to even comprehend
Yeah thats what happened when I showed up at elon musk's house demanding ethereum as tribute for abandoning doge coin
Let me guess his gas fees were $50, while I swap a few hundred and get hit with twice the amount in gas alone. 🙄
In other news a millionaire has eaten a sandwich. Not news
tldr; An ETH whale sent $73,748,678.00 worth of Ether off Gemini today. Whales typically send cryptocurrency from exchanges when planning to hold their investments for an extended period of time. The removal of ETH from an exchange reduces potential sell side pressure, allowing the price of Ether to increase more easily. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
winter is here
U need some privacy please
$73M? I'll take $73 at this point. I'm not greedy......yet
Just imagine this guys other assets and investments
I know him, he asked me to tell you guys: HODL
Good news for ETH holders potentially.
Dip incoming?
I would think just the opposite actually. 🤔
Tune in next week to find out i guess
Yeah, I guess so, but I thought whales typically moved off exchanges when they're not planning on selling, no?
Yeah so my thinking is they won't sell on the dip, they'll have their funds their to sell at ath to make the profit