• 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

Emirates NBD Considers Bitcoin for Investment Portfolio

chest

Emirates NBD is considering adding Bitcoin to its investment portfolio, reflecting a shift in institutional strategies towards digital assets.

user avatarTenzin Dorje

Cardano's Monthly Structure Indicates Potential Rebound

chest

Analysts suggest that Cardano may be transitioning from a correction phase to a potential pump phase, based on historical trends.

user avatarBayarjavkhlan Ganbaatar

Investor Sentiment Shifts Amidst Cardano's Price Struggles

chest

Investor sentiment is recovering among key Cardano holders despite ongoing price decline, indicating potential future bullish trends.

user avatarMohamed Farouk

Ripple CTO Emeritus Defends XRPL Against Centralization Claims

chest

David Schwartz, the CTO Emeritus of Ripple, defends the XRP Ledger against centralization claims made by Justin Bons, emphasizing the integrity and trustworthiness of the network.

user avatarElias Mukuru

AI Models Choose Nuclear Options in War Game Simulations

chest

Research from Kings College London reveals that leading AI models chose to deploy nuclear weapons in 95% of simulated geopolitical crises.

user avatarKenji Takahashi

Pentagon Threatens Anthropic Over AI Access for Military Use

chest

The US Department of Defense threatens to blacklist Anthropic if it does not provide unrestricted military access to its AI technology.

user avatarDiego Alvarez

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.