12,882 ETH Worth $38,842,168 USD Transferred From Bitfinex to Unknown Wallet

• Even in a bad market, investors remained confident in Ethereum.
• Whale Alert recorded that the transfer took place on April 12, 2022, at 6:51 a.m. UTC.

In the last week, the total market capitalization of cryptocurrencies fell by 10%, and in the last 24 hours, it is up by 0.29 percent. As a result, ETH was hit hard by the bear market. Fear, Uncertainty, and Doubt (FUD) are common themes during rallies. This time around, though, Ethereum was the target of FUD during its down market.

However, there was a bounce in ETH’s price, bringing it slightly beyond the $3k level. FUD, it appears, played a significant influence in the “buy the dip” mindset. However, ETH is definitely putting the HODLers’ patience to the test with the present market structure.

One statistic has been generating a bullish signal in the middle of all the bearish commotion. ETH’s weighted sentiment has rebounded from -1.33 to -0.45, a significant improvement. Even in a bad market, investors remained confident in Ethereum because of the expected ‘Merge,’ according to this analysis.

Whale Alert

Bitfinex has received a large quantity of 12,882 ETH from an unidentified wallet. In addition, the transaction was valued at $38,842,168 by Whale Alert, blockchain analytics and surveillance firm. Hundreds of millions of dollars of ETH have been moved overnight by crypto whales. Whale Alert recorded that the transfer took place on April 12, 2022, at 6:51 a.m. UTC. Ethereum has gained 0.49 percent in the previous 24 hours.

According to CoinMarketCap, the Ethereum price today is $3,056.11 USD with a 24-hour trading volume of $22,484,025,493 USD. Ethereum has been up 0.66% in the last 24 hours.

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