• 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

SharpLink Gaming Continues Share Buybacks and Expands ETH Holdings

chest

SharpLink Gaming has repurchased one million shares of SBET and increased its ETH holdings, focusing on stockholder value.

Kofi Adjeman

Viral Egg Stream Attempts to Break Records

chest

A spinning egg on Pumpfun aims to become the most-watched egg of all time. A stream featuring a spinning egg is gaining viewers and attention, inspired by the world record egg on Instagram. This stream has generated significant creator rewards and viewer interest.

Nguyen Van Long

Bizarre Talent Show Auditions at Basedd House

chest

The Basedd House squad is hosting a talent show featuring unusual performances.

Jesper Sørensen

Peter Schiff Warns Bitcoin May Be Topping Out Ahead of Fed Meeting

chest

Peter Schiff warns that Bitcoin may be reaching its peak as traders await a Federal Reserve decision, noting a loss of momentum despite gold and silver performing well.

Wei Zhang

Geopolitical Tensions Rise in Venezuela Amid US Strikes

chest

Geopolitical turmoil is escalating in Venezuela as the US has conducted two strikes on vessels allegedly linked to Venezuelan drug trafficking, resulting in multiple casualties and increased tensions.

Rajesh Kumar

BRICS Nations to Maintain Oil Imports from Russia Amid US Sanctions

chest

BRICS nations, especially India and China, are likely to maintain and possibly increase oil imports from Russia despite US sanctions, benefiting from competitive prices and solidifying trade relationships.

Lucas Weissmann

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.