A great whale is trying to manipulate the price of Ethereum
We all know what the whales in cryptocurrencies represent and what they are capable of doing with their substantial money transfers, which are often segmented to go unnoticed, or are simply so frequent that spending time to follow their trails involves the investment of Many resources that with little success it is possible to find your ultimate goal.
Widgets such as Whale-alert on the blog and through social networks such as Twitter and Telegram have however allowed us to monitor these relevant movements more easily, especially when price manipulation is concerned.
Recently we have seen how a small movement of a crypto whale has drawn attention to the nature of its origin and destination: Binance, the largest exchange by volume of the crypto market and its influence on the prices of many altcoins.
Whale-alert has informed us that on August 18 @ 05:15:45 UTC a whale made a transfer for 20,000 ETH ($ 3,708,034 USD) from Binance to an unknown wallet.
The movement took place under the hash transaction record ID 0xac9128ed0e1c66ea3311ede0078ccec894802ccacc4d6f719d5e9b3478be16f2 towards the wallet with unknown address 0x4D8041260c0850be2cF4839527CE60B7A783c276.
Similarly, a movement for a similar amount was returned to the Binance exchange from an unknown wallet a couple of hours ago at the time of writing, according to the alert received by Whale-alert.io
On this occasion the discharge took place from the unknown wallet with address 0x7489349db253daa72a46d07f3a5c615c8d0d01b6 under the hash transaction ID number 0xfc04ed88ee1b50cbe8f212d5f4d05d32cbc4f0ca81718dcc2d8d4a4174d4d8d4
Although there is no direct relationship between the two movements, the address analysis indicates that these amounts were segmented in several directions and established purchase orders in the popular exchange for manipulation with the help of another 'Whale' operating under the address 0xa92B75a1349426380eDD57b4858674Cdb327a30D which in the last 15 days has been generating interesting movements with the wallet that transferred the 19 thousand ETH back to Binance today.
The amount transferred from the wallet 0xa92B75a1349426380eDD57b4858674Cdb327a30D to the wallet 0x7489349db253daa72A46D07f3a5C615c8D0d01b6 amounts to the amount of 40200 ETH in the last fifteen days, which address E has been generated for the second day of the 199 days of the 50th day of the 50th day of the transfer of the second day of the 59th day of the 50th day.
To be more precise, the entry of funds from the wallet 0x7489349db253daa72a46d07f3a5c615c8d0d01b6 comes exclusively in the last month of the other wallet to which we have referenced 0xa92B75a1349426380eDD57b4858674Cdb327a30D which is allowed to be fed from which it is given that it is inferred that it is given that it is inferred that it is inferred that it is given that it is inferred originated by some large-scale miner.
As a curious fact and that is finally the one that interests the common user, wallet 0xa92B75a1349426380eDD57b4858674Cdb327a30D seems to be behind the manipulation of altcoin prices proposed by Vitalik Buterin in the last week, when the price fell sharply to the mark below two hundred dollars per unit.
Although it is not something that we can say with total certainty, it is quite probable that the departure of just over 33,000 ETH from this wallet in the four-day period coinciding with the price drop, has been an essential part of sending the prices to the fund .
And now, after distribution and accumulation with low prices, today's movements have been to consolidate profitable prices above $ 200 to collect profits.
