Ethereum

Coin

<ul class="news-points"> 
 <li><strong>Transfer of $112 million worth of Ethereum to Coinbase and Kraken raises concerns about potential selling pressure.</strong></li> 
 <li><strong>Anonymous wallet moved 22,157 ETH worth $34.5 million to Coinbase, followed by 50,000 ETH valued at $78.3 million deposited in Kraken.</strong></li> 
 <li><strong>Massive ETH flows to liquid exchanges have alarmed analysts as they often precede major liquidations.</strong></li> 
</ul> 
<p>The transfer of over $112 million worth of <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/">Ethereum</a> to major exchanges Coinbase and Kraken recently has raised concerns about potential selling pressure.</p> 
<p>According to Whale Alert, one anonymous wallet moved 22,157 ETH worth $34.5 million to Coinbase. Soon after, 50,000 ETH valued at $78.3 million was deposited to Kraken from a separate wallet.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 50,000 <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ETH</a> (78,307,428 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Kraken</a><a href="https://t.co/nsSDK9iTU2" target="_blank" rel="nofollow">https://t.co/nsSDK9iTU2</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1712217561255862417?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 11, 2023</a>
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<p>The massive flows of ETH to liquid exchanges have sounded alarms among analysts. Such large cryptocurrency deposits often precede major liquidations.</p> 
<p>Ethereum balances on exchanges have also declined to multi-year lows due to staking. With limited sell-side liquidity, the sudden influx of ETH raises the risk of slippage …</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/whale-transfers-113m-worth-of-eth-to-exchanges-sparking-sell-off-concerns/">Whale Transfers $113M Worth of ETH to Exchanges, Sparking Sell-Off Concerns</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Whale Transfers $113M Worth of ETH to Exchanges, Sparking Sell-Off Concerns

Coin Edition

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