• 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

MEET48 Unveils AI Entertainment UGC Platform at Annual Roadshow

chest

MEET48 held its 2026 Annual Roadshow in Seoul, showcasing its AI Entertainment UGC platform and Web3 strategy, along with strategic partnerships and product launches.

user avatarMaria Fernandez

Anatoly Yakovenko Predicts Stablecoin Market to Exceed $1 Trillion by 2026

chest

Anatoly Yakovenko predicts that the stablecoin market capitalization will exceed $1 trillion by 2026, driven by rising institutional participation and real-world usage.

user avatarRajesh Kumar

Crypto Market Experiences 14 Days of Extreme Fear

chest

The Crypto Fear and Greed Index has recorded 14 consecutive days in the extreme fear zone, indicating significant distress among investors.

user avatarGustavo Mendoza

XRP Ledger Enhances Security with Quantum-Resistant Features

chest

The XRP Ledger is enhancing its security by proposing quantum-resistant features through Amendment 420, which includes the use of onetime signature keys.

user avatarMiguel Rodriguez

Institutional-Driven Blockchain Fragmentation on the Rise

chest

Coinbase's David Duong discusses the trend of fragmentation in blockchain networks as institutions seek tailored solutions for data ownership and compliance.

user avatarLuis Flores

Specialized Blockchain Networks Transforming Crypto Infrastructure

chest

David Duong from Coinbase highlights the emergence of specialized blockchain networks that are reshaping the crypto landscape, emphasizing the importance of interoperability.

user avatarArif Mukhtar

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.