© by BenzingaA crypto-influenced Ethereum address (CRYPTO:ETH) bought $1.1 million worth of cryptocurrency for absolutely nothing in less than 24 hours.
what happened ? The Arkham intelligence exchange tweeted that anyone who sends ETH to the address will receive nothing in return, influential cryptographer Paul wrote on Tuesday.
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But according to the plot, cryptocurrency enthusiasts flooded the address with transfers.
As of this writing, the address has received over 1,000 transfers and has approximately $13,000 worth of ETH from "Maverick_time" on OpenSea, the largest known wallet.
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Why is this important? It's unclear what drives people to send money to this address, but some believe it could be a simple case of people following the crowd and wanting to be part of a seemingly exclusive or viral trend. Meanwhile, others think that some of the shows may have been a joke or a tribute to the original tweet.
Price action. According to Benzinga Pro, ETH is trading at $1,854 at the time of writing, down 2.23% over the past 24 hours.
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