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by mcherm 3259 days ago
Where does the amount in the title ("45k ether") come from? I didn't see that in the article.

EDIT: Apparently from https://etherscan.io/address/0x6a164122d5cf7c840D26e829b46dC... , which is something I don't have the depth of knowledge to assess for myself.

2 comments

wow... 6 minutes ago, 1 minute ago... people are still sending this address money?
This sentiment is how normal people feel about all cryptocurrency.
Yes, it's not really being talked about anywhere because people like to keep this stuff hush hush, so crypto doesn't look bad.
A sucker is born every minute.
ETH Balance: 43,432.963 ...

is the important figure. At the bottom you can see the transactions coming in.

First incoming transaction seems to be from Jul-17-2017 01:01:21 PM. View all > last page.

Over €6,000,000 at current prices.
And over €12,000,000 at the price 2 weeks ago.

Who knows what the price will be next week, but it won't be anywhere near €6,000,000 if they try to sell that much at once.

Though, the 24 hour trading volume for ETH is $1.5 Billion USD. So it won't affect the price as much as you'd think.
$1.5 Billion, made up of many smaller transactions (~USD 15.5k on average according to this site [0]).

A number of large transactions to convert that much ETH to USD, would significantly affect speculator confidence, triggering others to sell.

0: https://bitinfocharts.com/ethereum/