Summary
- It was reported that 24,962 Ethereum was deposited to Binance.
- This transaction was stated to be approximately 67.96 million USD.
- Large deposits suggest the possibility of short-term volatility due to increased selling pressure.
A total of 24,962 Ethereum (ETH) has been deposited to the global cryptocurrency exchange Binance.
According to Whale Alert, a cryptocurrency transaction tracking site, at around 16:21 on the 7th, 24,962 ETH was transferred from an anonymous wallet address to the Binance exchange. This amounts to approximately 67.96 million USD (about 98.2 billion KRW).
Typically, large deposits to exchanges can lead to an increase in selling pressure, which may cause short-term volatility.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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