What happened: An Ethereum (CRYPTO: ETH) whale sent $50,040,584 worth of Ethereum off Gemini.
The ETH address associated with this transaction has been identified as:
0x530e0a6993ea99ffc96615af43f327225a5fe536
Why it matters: Whales typically send cryptocurrency from exchanges when planning to hold their investments for an extended period of time. Storing large amounts of money on an exchange presents an additional risk of theft, …
Full story available on Benzinga.com