"13,314 Ethereum (ETH) Deposited to Coinbase Institutional…Approximately ₩72.2 Billion"
Minseung Kang
Summary
- Whale Alert reported that 13,314 Ethereum (ETH) were deposited to a Coinbase Institutional wallet.
- The transaction was valued at approximately $51,929,719 (about ₩72.2 billion).
- Large-scale coin deposits generally indicate increased selling pressure and could lead to greater short-term volatility.
13,314 Ethereum (ETH) have been deposited into a Coinbase Institutional wallet.
According to Whale Alert, a cryptocurrency transaction tracking site, at around 21:38 on the 8th, 13,314 ETH were transferred from the Cumberland wallet to Coinbase Institutional. This amounts to approximately $51,929,719 (about ₩72.2 billion).
Typically, large-scale deposits of coins to exchanges can lead to increased selling pressure, which may in turn cause heightened short-term volatility.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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