Summary
- Bybit has purchased Ethereum worth $197 million.
- The transaction was conducted through over-the-counter (OTC) trading.
- Ethereum price on Binance USDT market is reported at $2,749, up 2.79%.
Bybit has reportedly purchased Ethereum (ETH) worth $197 million (approximately 283.4 billion won).
On the 22nd (local time), LookOnChain reported through X that "Bybit is estimated to have purchased 71,755 ETH" adding that "this amounts to approximately $197 million." The transaction was conducted through over-the-counter (OTC) trading.
As of 1:08 PM, Ethereum is trading at $2,749 on the Binance USDT market, up 2.79% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Shock that there is 'no US government backstop'… Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Soo-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/b23cb4d1-e890-4f1c-aa52-f18f45dc8192.webp?w=250)
