Over $1,144,500,000 in Ethereum Disappears From Exchanges in the Last 24 Hours—What’s Happening?

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The crypto market is recovering after a steep decline towards the end of August. Bitcoin reclaimed $110,000 today, with the broader market recording a notable rebound. 

A notable catalyst for this is the reduction in selling pressure seen earlier, specifically with Ethereum.

With sentiments still bullish, whales have capitalized on the dip to buy more, anticipating that ETH will target new highs in the near term.

260,000 ETH Withdrawn from Exchanges

Meanwhile, data shows that whales holding between 10,000 and 100,000 ETH acquired 260,000 ETH in the past 24 hours, taking the opportunity to buy the dip.

The accumulated stash is worth over $1.14 billion at the time of writing, as Ethereum hovered around $4,400 per coin.

ethereum

Source X

Remarkably, the acquired Ethereum took their total holdings to 29.62 million ETH, worth $130.4 billion now.

The buying uptick suggests that large holders are still betting on higher prices for ETH and view the retracement as temporary.

Recall that there are projections that Ethereum will rally to $10,000 or $20,000 this cycle.

Whales Accumulating This 100x Coin

Interestingly, whales are also diversifying their holdings into this promising coin, tipped for a strong rally during this bull cycle.

Market analysts are discussing this coin, and savvy market users are not taking any chances.

The massive demand for Minotaurus (MTAUR) stems from an understanding of its potential to make millionaires during this bull cycle, driven by its unfolding parabolic expansion and enormous utility.

For the uninitiated, MTAUR powers the Minotaurus ecosystem, a Binance Smart Chain-based blockchain-integrated gaming platform.

Furthermore, MTAUR stands out in the blockchain gaming ecosystem with its unique offerings. The token allows users to enhance their gameplay experience, customize avatars, and unlock in-game incentives.

Minotaurus’ perfect blend of blockchain technology and Web3 gaming, promising a niche and an exceedingly fair entry price, offers massive benefits for those who buy now.

The token sells at 0.0001242 USDT, a bargain price considering escalating optimism that it could rally by 10,000% this cycle.

Additionally, Minotaurus also offers massive benefits to early adopters, including referral incentives, access to extra tokens for extended vesting periods, and participation in a 100,000 USDT giveaway, where users can win up to 50,000 USDT.

Can Just 100 USDT Create Life-Changing Riches?

At the current market price of 0.0001242 USDT, one can acquire 805,153 MTAUR for 100 USDT.

Let’s assume that MTAUR hypothetically rallies 99,912% like XRP did from its all-time low, the 100 USDT would turn into 99,912 USDT.

Now, imagine buying 1,000 USDT or 10,000 USDT worth of MTAUR at the current price, and it allegedly mirrors a percentage of Bitcoin’s all-time rally. Such portfolio upsides would easily create life-changing riches.

In conclusion, MTAUR stands out with a clear purpose and significant upside prospects. Looking to get involved in something promising? Consider joining the Minotaurus community today.

For more information, please visit the official website.


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