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Whale Alert Reports 52,169 ETH Transfer Worth $120.5 Million

The transaction moved Ethereum between two unidentified wallets, according to the Whale Alert blockchain tracking post shared in the source.

Summary

A Whale Alert post reported that 52,169 ETH, valued at $120,546,628 in the source, was transferred from an unknown wallet to another unknown wallet. The post identifies both addresses only as unknown wallets, indicating the transaction was visible on-chain but not attributed to a known exchange, company, or named entity in the provided information.

Terms & Concepts
  • Ethereum: A blockchain network that supports smart contracts (self-executing blockchain code) and its native token, ETH.
  • On-chain transaction: A transfer recorded directly on a blockchain, making the movement publicly verifiable through network data.
  • Whale Alert: A blockchain tracking service that monitors and reports large cryptocurrency transfers across public networks.