• 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

Ripple Positioned for Growth as Regulatory Challenges Ease

chest

Ripple has seen a significant price increase and is positioned for further growth as regulatory challenges ease.

user avatarMiguel Rodriguez

DOJ's Crypto Enforcement Memo Under Fire

chest

The April 2025 memo from the DOJ has been criticized for its approach to cryptocurrency enforcement, coinciding with the disbanding of the National Cryptocurrency Enforcement Team.

user avatarLuis Flores

Solana's Meme Coin BP Surges Dramatically

chest

Solana's on-chain Meme Coin BP has seen a dramatic surge in market capitalization, reaching $149 million, a 608% increase in 24 hours, driven by social media activity.

user avatarMaria Gutierrez

BCH Shows Controlled Volatility with Increased Buying Activity

chest

BCH shows controlled volatility with increased buying activity, trading at 59262 with a daily gain of 21%.

user avatarDavid Robinson

OKX Transfers Billions of SHIB Tokens to Cold Storage, Sparking Market Speculation

chest

OKX has transferred over 69 billion SHIB tokens to cold storage, raising market speculation.

user avatarArif Mukhtar

Funding Milestone for Flying Tulip

chest

The $255 million Series A funding will accelerate development and enhance security for Flying Tulip.

user avatarAndrew Smith

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.