What happened: An Ethereum (CRYPTO: ETH) whale sent $42,116,393 worth of Ethereum off Gemini.
The ETH address associated with this transaction has been identified as:
0xa8d7798949e7fe3fac03920e9b9cf9679472eaf8
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