EURI, 10% of Total Supply Moved to Binance... Concerns Over Selling Pressure and Volatility
Summary
- It was reported that approximately 10% of the total supply of EURI has been transferred to a Binance wallet.
- The on-chain data analytics firm Santiment stated that such large-scale movements have historically led to significant sell-offs.
- As of the 17th, EURI was trading at $1.1554 on the Binance USDT market, down 0.34% compared to the previous day.
A large volume of EURI, ranked 521st among cryptocurrencies with a market capitalization of approximately $50.9 million (USD), has been moved to a Binance wallet.
Approximately 10% of the total supply of the euro-pegged stablecoin EURI was spotted being transferred to the global cryptocurrency exchange Binance. EURI's market capitalization stands at $50.9 million.
On the 17th (local time), the on-chain data analytics company Santiment stated through its official X account, "Historically, coins reported in Santiment's whale withdrawal records have led to significant selling," commenting on the situation.
As of 16:45 on the 17th, EURI is trading at $1.1554 on the Binance Tether (USDT) market, down 0.34% compared to the previous day.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
![Bitcoin retakes KRW 100 million amid reports of secret US-Iran contacts…$72,000 in focus [Kang Min-seung’s Trade Now]](https://media.bloomingbit.io/PROD/news/3beef0db-a8f6-4977-9dca-6130bf788a69.webp?w=250)
![[Analysis] “ETFs and short covering drove Bitcoin’s rebound…on-chain indicators are mixed”](https://media.bloomingbit.io/PROD/news/6c7dbd31-4aeb-400e-9c43-c2843062fc66.webp?w=250)
