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Whale '66kETHBorrow' Expands Ethereum Holdings to $1.35 Billion

Blockchain analytics platform Lookonchain reports the whale acquired nearly 24,000 ETH from Binance, further increasing its already substantial Ethereum position.

ETH

Summary

A whale address known as '66kETHBorrow' purchased an additional 23,995 ETH from Binance, valued at $65.13 million. This acquisition follows previous large purchases, bringing the whale’s total holdings to 489,694 ETH worth approximately $1.35 billion as of November 22, according to blockchain analytics platform Lookonchain.

Terms & Concepts
  • Whale: A term for an individual or entity holding large amounts of cryptocurrency, capable of influencing market prices.
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract operations.
  • Lookonchain: A blockchain analytics platform that tracks wallet addresses, transactions, and large-scale crypto movements.