• 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

Bitwise Launches First US Spot Solana ETF Amid SEC Shutdown

chest

Bitwise Asset Management has launched the first US spot Solana ETF, BSOLP, attracting over $420 million in its first week during the SEC shutdown.

user avatarLuis Flores

USDe Achieves Rapid Acceptance as Collateral on Major Exchanges

chest

Ethena's USDe has rapidly achieved acceptance as collateral on major exchanges like Binance and Bybit in less than two years since its launch.

user avatarDavid Robinson

Ethena Protocols Achieves Over $600 Million in Revenue

chest

Ethena Protocols has reported generating over $600 million in revenue since its launch, showcasing its impressive growth in the synthetic dollar market.

user avatarArif Mukhtar

Multicoin Capital Makes Strategic Investment in Ethena Protocols ENA Token

chest

Multicoin Capital announces a strategic investment in Ethena Protocols' ENA token, reinforcing confidence in the synthetic dollar USDe.

user avatarMaria Gutierrez

Experts Call for Enhanced Cybersecurity Frameworks Post Anthropic Incident

chest

Experts are calling for enhanced cybersecurity frameworks to address AI-led cyber aggression following the Anthropic incident.

user avatarAndrew Smith

Anthropic Discovers First AI-Driven Cyber Espionage Attack

chest

Anthropic has revealed a major AI-driven cyber espionage attack, highlighting the risks of autonomous AI threats and prompting calls for enhanced security measures.

user avatarJacob Williams

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.