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Ethereum Whale is transferring 200,000 ETH as the price drops to $ 387

Ethereum whales have been making huge deals lately as big companies rush to take advantage of this fast-growing cryptocurrency, which is currently trading at $ 387.

Data from the advanced crypto tracker Whale Alert showed that an unknown ETH whale moved 200,000 ETH worth $ 77,781 million a few hours ago, which was transferred from an unknown wallet to another unknown wallet.

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? ? ? ? ? ? ? 200,000 #ETH (77,781,866 USD) transferred from unknown wallet to unknown wallet

Send: https://t.co/3Zh64C7DQU

– Whale Alert (@whale_alert) September 4, 2020

At the time of this writing, Ethereum was trading at $ 387.65 with a daily trading volume of $ 18.9 billion, with the ETH price down -13.3% in the past 24 hours. It has 110 million coins in circulation and a maximum number of ∞ coins.

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What is an Ethereum whale? In the Ethereum world, traders or investors who own large numbers of Ethereum are typically referred to as whales. This means that an Ethereum whale would be a single Ethereum address that has around 1,000 Ethereum or more.

What you need to know: Ethereum is a cryptocurrency designed for the use of smart contracts and decentralized applications that are developed and operated without any fraud, disruption, control or interference by any third party.

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While Ethereum refers to the blockchain network, the native currency that flows within the Ethereum economy is called Ether (ETH).

On Ethereum, a small fee called gas is payable for all transactions and the execution of smart contracts. Technically, gas refers to the unit of measurement for the computational effort required to carry out a process or a smart contract.

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