Accéder au contenu principal

Someone Just Bought $160 Million In Ether

The cryptocurrency community is abuzz after a wallet with suspected ties to Tron founder Justin Sun gobbled up a staggering $161 million worth of Ether on February 19th. This whale-sized purchase has sent shockwaves through the market, igniting speculation and potentially signaling a positive outlook for the world’s second-largest cryptocurrency.

At the time of writing, Ethereum (ETH) was fast approaching the $3K level, trading at $2,932, up 0.2% and 9.8% in the 24-hour and seven-day timeframes, data by Coingecko shows.

ETH inching closer to the $3k mark. Source: Coingecko

The Ethereum Address With A Tron Connection

The Ethereum buying spree unfolded across leading cryptocurrency exchange Binance and several decentralized exchanges (DEXs). All eyes are glued to the wallet identified by the partial address “TWGHNc,” known for its recent hefty transactions.

Analysts, piecing together the puzzle, point to the sheer size of these transactions suggesting the involvement of a major player with deep pockets and significant clout in the crypto space, like Sun. This theory gains traction when examining the wallet’s activity patterns, which show a striking correlation with another address, “0x7a95.”

For instance, TWGHNc deposited $5.4 million to HTX, followed by a near-identical withdrawal in ETH by 0x7a95 from the same exchange. Additionally, the 50 million USDT deposit to Binance by TWGHNc was closely mirrored by a 9,959 ETH withdrawal from Binance by 0x7a95.

Last week, TWGHNc pulled out a whopping $500 million in Tether (USDT) from the now-rebranded Huobi exchange (formerly HTX). Further fueling the rumor mill, the same wallet deposited a hefty $50 million USDT into Binance today.

Ethereum currently trading at $2,930 on the daily chart: TradingView.com

A Bullish Signal For Ether?

If the prevailing speculation proves accurate and Justin Sun is indeed the mastermind behind these strategic maneuvers, it would signify a noteworthy expression of confidence in Ethereum from one of the most influential figures within the blockchain and cryptocurrency industry. Such an endorsement from Sun could carry substantial weight and contribute to bolstering Ethereum’s standing.

Ether price action in the last 24 hours. Source: Coingecko

Meanwhile, Sun’s recent announcement of a groundbreaking Bitcoin Layer 2 solution aimed at enhancing interoperability within the blockchain space has already made waves. This initiative seeks to seamlessly integrate various token types on the Tron network with the Bitcoin network, paving the way for smoother cross-chain interactions.

This development marks a milestone for Tron and represents a significant leap forward for cryptocurrency as a whole. With plans to bridge over $55 billion in value to the Bitcoin network, Tron’s initiative has the potential to inject new life into the leading cryptocurrency.

Featured image from Getty Images, chart from TradingView




Source link

The post Someone Just Bought $160 Million In Ether appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Jojobet (464)

Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Geri dönüşü yüksek bir heyecana hazır olun! Heybetli rekabet atmosferinde keyifli bir oyun deneyimi sunan öncü bir bahis platformuna hoş geldiniz. İnternetin en güvenilir ve güçlü adreslerinden biri olarak, size en üst düzey kalite standartlarına sahip online bahis fırsatlarını sunmaktan gurur duyuyoruz. Bahis ve şans oyunları tutkunlarının beklentilerini aşan kapsamlı hizmetlerimizle sizi unutulmaz bir yolculuğa çıkarmak için buradayız. Profesyonel ekibimiz, Türkiye’nin en donanımlı ihtiyaçlarına uygun olarak sürekli yenilenen bahis seçenekleriyle geniş bir kumarhane atmosferi ile etkileyici deneyimler sunar. Farklı spor dallarında eşsiz tahmin ve analiz araçlarıyla dolu olan platformumuz, kazandıran oranlarla sizden tam not alacaktır. En yeni teknolojik yazılım alt yapımız sayesinde, kesintisiz ve sorunsuz oyunculuk deneyiminin tadını çıkarabilirsiniz. Şansın, yetene...
Enregistrer un commentaire
Lire la suite

Space loves AI, AI doesn’t love Space

Space-related applications of artificial intelligence and machine learning are often confined to the ground because moving AI onboard satellites, while promising, is significantly more difficult. “Running AI in space is like running a marathon on the moon — impressive if achieved, but limited by the environment,” said Sylvester Kaczmarek, chief technology officer at OrbiSky Systems, a London startup focused on AI edge operations. Advanced processors are power hungry, meaning satellites with onboard AI require large solar panels and extra batteries. Plus, “radiation in space can fry electronics,” Kaczmarek said. Power management is another problem. Many AI devices require very high currents at low voltages. “The demands that AI devices place on power management are new to the space industry,” said Bert Vermeire, Voyager Space chief technology officer. “There are no good solutions with space heritage and it is difficult to identify efficient and small form factor power and manageme...
Enregistrer un commentaire
Lire la suite

Earn BIG Commissions in 2023

In this post, we’re looking at the best niches for affiliate marketing . So, if you’re struggling to choose a niche for your blog or YouTube channel, this list will help. In this list, you’ll learn some key information to help you determine which is the right niche to choose for you. Information like: How big the niche is and its market share The products you can promote Sub niche ideas And some commission rates you can expect Keep reading. Best Niches for Affiliate Marketing We’ve researched and broken down 21 of the best niches for affiliate marketing, so you don’t have to. Let’s dive in. 1. Artificial Intelligence The Artificial Intelligence industry has exploded in recent years and is projected to be valued at close to US$2 trillion by 2030. That’s what makes this one of the best niches for affiliate marketing today. There is also a wide range of AI tools to promote with generous commissions. For example, LinkWhisper is an AI content optimization tool for SEO of...
Enregistrer un commentaire
Lire la suite