• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Institutional Investors Move Significant Amounts of ETH to Exchanges

user avatar

by Giorgi Kostiuk

a year ago

  1. Current Institutional Investor Transactions
  2. Ethereum Price Fluctuations
  3. Comparison with Cryptocurrency Market Trends


    4. According to Onchain data, large institutional cryptocurrency investors made some big transactions today.

    Current Institutional Investor Transactions

    According to data provided by Lookonchain, Amber Group, a major cryptocurrency investment firm, sent 6,443 ETH worth $17.62 million to cryptocurrency exchanges Binance and Kraken in a transaction today. On the other hand, another cryptocurrency company, Cumberland, moved 6,439 ETH worth $17.66 million to the cryptocurrency exchange Binance in its latest transaction.

    Ethereum Price Fluctuations

    The possible sales made by these institutional investors, who can be defined as whale wallets, will also bring about a drop in the price of ETH. Ethereum lost approximately 3% of its value during the day, falling from around $2,770 to $2,685.

    Comparison with Cryptocurrency Market Trends

    It should also be noted that this decline is more serious than the general decline in the cryptocurrency market. In addition, ETH's weekly increase rate also lagged behind Bitcoin. While the BTC price increased by 7.5% in the last week, this rate remained around 3% in ETH.

    These transactions and the associated fluctuations in the price of Ethereum highlight the impact of institutional investors on the cryptocurrency market, and potential sales could continue to influence the price of ETH in the future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Base Dominates Ethereum L2 Fee Revenue with Significant Lead

chest

Base extends its lead in Ethereum Layer 2 fee revenue, earning approximately 147,000 in fees, significantly surpassing Arbitrum and Starknet.

user avatarLucas Weissmann

Monero Releases Software Update to Enhance Functionality

chest

On January 11, 2023, the Monero development team released a new version of the Monero software, v0.18.4.5 Fluorine Fermi, addressing several issues and enhancing functionality and security.

user avatarMaria Gutierrez

Digital Asset Market Projected to Reach $10 Trillion

chest

Dan Tapiero projects that the digital asset market will reach $10 trillion during the current expansion phase.

user avatarDavid Robinson

Dan Tapiero Predicts Bitcoin to Reach $180,000

chest

Veteran macro and crypto investor Dan Tapiero predicts that Bitcoin's current cycle is far from over, targeting a price of $180,000.

user avatarAndrew Smith

Stablecoins Emerging as Backbone of Global Financial System

chest

Dan Tapiero believes that stablecoins are becoming the backbone of the global financial system, with transaction volumes reaching $33 trillion in 2025.

user avatarJacob Williams

Brevis and BNB Chain Expand Privacy Infrastructure Partnership

chest

Brevis has announced an expansion of its partnership with BNB Chain to develop a new Privacy Infrastructure aimed at enhancing user control over on-chain data sharing.

user avatarZainab Kamara

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.