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Mysterious Ethereum Whale Moves $738 Million Worth of ETH to Multiple Wallets and Coinbase

June 14 (Cointime) - The actions of an Ethereum whale, who owns $738 million worth of ETH, have left the cryptocurrency community puzzled. The individual amassed 1.5 million ETH between 2016 and 2017 and then transferred the entire amount on Dec. 1, 2018. The ETH was broken down into smaller chunks and distributed to different wallets before being reaggregated into larger portions of 150K ETH each. Recently, the whale transferred 450K ETH to an address associated with Coinbase, raising questions about the motivations behind these actions.

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