Summary
- A large amount of Ethereum has been transferred to Binance, amounting to approximately 199.5 billion KRW.
- Large deposits to exchanges can cause short-term volatility due to increased selling pressure.
- On the Binance USDT market, Ethereum is trading at $2,785, up 0.53% from 24 hours ago.
A large amount of Ethereum (ETH) has been transferred to Binance.
On the 4th (local time), Whale Alert announced on X that "36,909 ETH has been transferred from an anonymous address to Binance," stating that "this is approximately 138.12 million dollars (about 199.5 billion KRW)."
Typically, large deposits to exchanges can lead to increased selling pressure, which may cause short-term volatility.
As of 8:38 PM, Ethereum is trading at $2,785 on the Binance USDT market, up 0.53% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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