What happened: An Ethereum (CRYPTO: ETH) whale sent $58,142,165 worth of Ethereum off Gemini.
The ETH address associated with this transaction has been identified as:
0x4399f61795d3e50096e236a6d31ab24470c99fd5
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