Summary
- Whale Alert reported that a large movement of Ethereum (ETH) to Binance was detected.
- They said 68,000 ETH, about 297 billion won, was transferred from an anonymous wallet to Binance.
- They said large deposits to exchanges can trigger an increase in selling pressure and a rise in short-term volatility.
A large transfer of Ethereum (ETH) to Binance has been detected.
On the 19th, the on-chain tracking account Whale Alert reported that an anonymous wallet sent 68,000 ETH to the global crypto exchange Binance. At the time of transfer, the amount was about $201.13 million (about 297 billion won).
Typically, large coin deposits to exchanges can lead to increased selling pressure, which can cause short-term volatility to rise.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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