Two Hefty ETH Stashes Have Been Tethered by Ethereum Whales in the Last Two Hours While the Coin Is Under $2,500
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- 61,000 ETH is on the move as ETH is in the red
- Ethereum Dumps Upgrade Titled “ETH 2.0”
Popular blockchain tracking platform Whale Alert has detected two crypto transactions carried out by the Anon ETH whale, containing $143.1 million worth of ether.
At the same time, the second largest cryptocurrency remained below the $2,500 level after the recent price crash.
61,000 ETH is on the move as ETH is in the red
According to Whale Alert, there have been two transactions involving 30,095 ETH ($71,619,331) in the past two hours. Apparently, an amount of ETH was transferred between multiple addresses. First, an anonymous whale transferred over 30,000 ETH to another address with an unregistered owner-0xab08bfb2e55b079d9961dae5164ba0d846a1ede1—and then this large ether stash was sent to the FTX crypto exchange.
Ethereum has moved in huge amounts recently, as whales have been buying and selling the second biggest crypto since its recent price dive – from $3,248 on January 20 to a low of $2,181 on January 24.
As of press time, the price has managed to reclaim the $2,426 mark with a gain of over 8% in the past 24 hours.
Ethereum Dumps Upgrade Titled “ETH 2.0”
In a recent blog post published by the Ethereum Foundation, it was stated that Ethereum is moving away from using terms like “ETH 1.0” and “ETH 2.0” as they can be confusing for most users and investors.
Now, these have been replaced by the “execution layer” (ETH 1.0) and the “consensus layer” (ETH 2.0).
This was done to prevent confusion that has started to arise as “ETH 1.0” fades into “ETH 2.0”. In fact, the Ethereum developers say, both are an active part of Ethereum, so the “consensus layer” stands for the transition from a proof-of-work (PoW) protocol to a proof-of-stake (PoS) one.