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Large ethereum (eth) holders moved 820,000 eth in the last 24 hours, equivalent to more than $2 billion. x.com/lookonchain/status/1821136313640481006″ target=”_blank” rel=”noopener nofollow noreferrer”>reported According to user Lookonchain on x (formerly twitter), market maker Jump crypto transferred over $29 million for sale and redeemed $48 million from the liquid staking protocol Lido.
It is worth noting that eth addresses that were inactive for more than three years moved $2 billion worth of eth two hours ago, which is equivalent to 789,533 eth. Lookonchain x.com/lookonchain/status/1821136313640481006″ target=”_blank” rel=”noopener nofollow noreferrer”>tied the addresses the now-defunct Chinese Ponzi scheme PlusToken, which was dismantled in November 2020 and from which $4.2 billion in cryptocurrency was seized.
“Through on-chain monitoring, we discovered that these funds came from the ‘Plus Token Ponzi 2’ wallet. Plus Token Ponzi 2 distributed 789,533 eth to thousands of wallets in 2020 and has not moved since April 2021,” User x added.
This news might have impacted the price of eth as it suffered a 2.2% pullback in the past hour at the time of writing, the most significant correction among the top 20 cryptocurrencies by market cap.
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