"32,000 Ethereum (ETH) Deposited to Binance... Worth Approximately 108.2 Billion KRW"
Minseung Kang
Summary
- Reported that 32,000 Ethereum was deposited to Binance.
- Revealed that the scale of the deposited Ethereum is about 108.2 billion KRW.
- Reported that large-scale deposits to exchanges could lead to increased selling pressure.
32,000 Ethereum (ETH) has been deposited to the global virtual asset (cryptocurrency) exchange Binance.
According to on-chain analyst The Data Nerd on the 27th, a whale investor transferred 32,000 ETH to Binance exchange around 4 PM that day. This amounts to approximately 75.07 million dollars (about 108.2 billion KRW).
Typically, large deposits to exchanges can lead to increased selling pressure, which may cause greater short-term volatility.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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