"Matrixport-Linked Wallets Deposit 95,873 ETH to Exchanges...Unstaking Activity Suspected"
Minseung Kang
Summary
- Lookonchain reported that wallets linked to Matrixport have transferred a large amount of Ethereum (ETH) to exchanges.
- A total of 95,873 ETH was moved to Binance and OKX, and EmberCN indicated that 111,456 ETH was unstaked from Eigenlayer and then sent to the exchanges.
- EmberCN analyzed that these movements could lead to significant selling pressure.
Wallets suspected of being associated with the virtual asset (cryptocurrency) service provider Matrixport (Matrixport) have reportedly transferred a large amount of Ethereum (ETH) to exchanges.
According to blockchain analytics firm Lookonchain (Lookonchain) on the 23rd (local time), multiple wallets connected to Matrixport deposited a total of 95,873 ETH (about $452 million) to Binance and OKX over the past three hours.
On the same day, EmberCN stated, "Over the past 20 hours, 111,456 ETH (about $538 million) was unstaked from Eigenlayer (Eigenlayer), moved to Matrixport wallets, and later sent to exchanges," adding, "This indicates a possible surge in large-scale selling pressure."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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