While it is wondered whether the decline in cryptocurrencies is over, it is seen that despite the intense purchases made by some whales, some of them have turned into serious cash. One of these selling whales draws attention with his participation in the Ethereum ICO in 2015.

Whale sent 48 thousand ETH

According to the information shared by on-chain tracking platform Lookonchain, this whale sent 48,500 ETH worth approximately $154 million to the OKX exchange in the last 1 month. The whale also transferred 5000 ETH (approximately $13 million) to OKX again tonight.

The whale still holds 15,600 of the ETHs trader bought at $0.31.

The number of ETH burned is also decreasing

It is noteworthy that the transfers were made at a time when prices fell and the number of Ether burned daily reached the lowest level in the last 1 year. While gas fees ranging between 1-2 gwei also reduced the number of Ether burned, only 210 ETH came out of the system on Saturday. However, the number of ETH produced was 2000.

On 5 August, when there were big drops in the cryptocurrency world, 5000 ETH was burned daily with the increase in volatility in Ether, and gas fees were up to 100 gwei.

The chart below shows the transfers and times of the whale to the stock exchange: