"6,500 Bitcoin (BTC) Deposited into Kraken Exchange…Approximately ₩945.2 Billion"
Minseung Kang
Summary
- Whale Alert reported that 6,500 Bitcoin (BTC) were deposited into the global virtual asset exchange Kraken.
- The amount of this deposit is said to have reached approximately $684,680,000 (₩945,200,000,000).
- Large-scale coin deposits into exchanges can lead to an increase in selling pressure and a rise in short-term volatility.
6,500 Bitcoin (BTC) have been deposited into the global virtual asset (cryptocurrency) exchange Kraken.
According to Whale Alert, a cryptocurrency transaction tracking site, at around 17:53 on the 30th, 6,500 BTC were deposited into Kraken. This amounts to approximately $684,680,000 (about ₩945,200,000,000).
Typically, large deposits of coins into exchanges can lead to increased 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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