• 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

XO Token: The Backbone of XOCIETY's Economy

chest

The XO token is a crucial component of XOCIETY's in-game economy, enabling players to earn real-time rewards through various gameplay activities.

user avatarZainab Kamara

XOCIETY Secures $16 Million for Upcoming Early Access Launch

chest

XOCIETY has secured $16 million in funding to support its upcoming Early Access release on the Epic Games Store.

user avatarAyman Ben Youssef

XOCIETY: A Unique Blend of Shooter and RPG Mechanics

chest

XOCIETY is an innovative third-person shooter that incorporates RPG mechanics, set in a captivating sci-fi world where player decisions significantly influence the game environment and long-term progression.

user avatarTando Nkube

BIS Calls for Regulatory Frameworks in Growing Tokenized Markets

chest

BIS calls for regulatory frameworks to address risks in the growing tokenized asset market.

user avatarKofi Adjeman

BIS Reports Surge in Tokenized Money Market Funds to 9 Billion

chest

The Bank for International Settlements (BIS) reports a significant rise in tokenized money market funds, reaching 9 billion, raising concerns about potential risks.

user avatarNguyen Van Long

Pumpfun Team Executes Massive Cashout with $75M Deposit to Kraken

chest

The Pumpfun team has deposited $75 million to Kraken, raising concerns about cashout activities as total withdrawals reach $480 million.

user avatarSatoshi Nakamura

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.