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Prominent blockchain tracking platform Whale Alert, which monitors large cryptocurrency transfers and shares details on its official Ethereum Transfers, each holding just over $100 million in ETH.
All of these transactions occurred within one hour, according to the on-chain data source.
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168,000 ETH was mysteriously transferred to unknown wallets
As noted above, several hours ago, Whale Alert observed six massive cryptocurrency transactions, each carrying approximately 27,970 ETH. The value of each of these transactions ranges between approximately $100.5 million and $100.7 million in fiat currencies.
They were all transferred between anonymous blockchain addresses, totaling approximately 168,000 ETH worth $603,385,283 as of this writing.
This anonymous whale activity occurred at a time when the price of the second-largest cryptocurrency by market cap, Ethereum, registered a nearly 6% rise, rising from $3,430 to touch the $3,628 price mark. So far, ETH has seen a small decline of about 1.5%, and at the time of this writing, it is trading at $3,575.
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BlackRock Ethereum ETF has achieved a new major milestone
Meanwhile, Chinese cryptocurrency journalist and blogger Colin Wu reported that on Friday, January 3, the total net inflow into exchange-traded funds (ETFs) after Ethereum reached an impressive $58.78 million. The lion's share of that was the net inflow of BlackRock's ETHA - in one day, it received $33.88 million.
As of now, total inflows from BlackRock's ETF have reached $3,559 billion.
However, on the same day, BlackRock's Bitcoin ETF faced IBIT The largest single-day outflow of $332.6 million It is equal to about 3,413 bitcoins. This is the largest single outflow since the launch of the ETF, surpassing even the previous outflow observed on December 24, when $188.7 million worth 1,933 bitcoins were dumped by an exchange-traded fund run by giant BlackRock.
During the last week of 2024, famous Bitcoin investor Robert Kiyosaki criticized BlackRock and its Chairman Larry Fink for selling Bitcoin. Kiyosaki stated that BlackRock was dumping Bitcoin to keep its price below $100,000 to allow whales to buy digital gold at a deep discount. After that, several influencers on the X app drew public attention to the massive BTC inflows to BlackRock.
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