ETH Whale Shifts $248.6 Million Amid Rising Derivatives Volume
Ethereum's price continues to hold above $2,470 after a 32.8% surge in August.
The token's value has been boosted by a significant whale transfer and surging derivatives activity.
A whale wallet identified as 0xF626 received 102,913 ETH worth $248.6 million and sent 2,858 ETH to exchanges, retaining roughly 100,055 ETH.
The open interest in Ethereum derivatives has surpassed $30 billion, with August trading volume crossing $90 billion.