"60,000 Ethereum (ETH) Deposited to Binance... Approximately 291.6 Billion KRW"
Minseung Kang
Summary
- It was reported that 60,000 Ethereum was deposited to Binance.
- The deposited Ethereum amounts to approximately 206.7 million USD.
- Large deposits can lead to increased selling pressure, potentially increasing short-term volatility.
60,000 Ethereum (ETH) has been deposited to the global cryptocurrency exchange Binance.
According to the cryptocurrency transaction tracking site Whale Alert, around 8:05 PM on the 23rd, 60,000 ETH was transferred from the Ethereum Layer 2 network Arbitrum to the Binance exchange. This amounts to approximately 206.7 million USD (about 291.6 billion KRW).
Typically, large deposits to exchanges can lead to an increase in selling pressure, which may cause short-term volatility to rise.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.