Ethereum

Shiba

Celsius

Galaxy

Shiba Inu

The <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> universe went abuzz today, on December 6, following colossal transfers revolving around the Ethereum (ETH) cryptocurrency.
Interestingly, over the past 24 hours, three different digital exchanges moved 19,822 ETH to <a href="https://coingape.com/glossary/centralized-cryptocurrency-exchanges-cex/" target="_blank" rel="noopener noreferrer nofollow">CEXs</a>, as per market charts.
The amount of ETH moved to Binance and Coinbase collectively totaled $45.2 million at the time of writing.
<h2 id="a-closer-look-into-the-report">A Closer Look Into The Report</h2>
<a rel="noopener noreferrer nofollow" href="https://spotonchain.com/" target="_blank">Spot on Chain</a>, a platform offering blockchain tracking metrics, recently portrayed data showcasing the massive transfer of Ethereum to CEXs Binance and Coinbase today.
According to the data, the first transaction that caught the eyes of crypto market enthusiasts was done by Galaxy Digital, a digital asset institution offering various trading insights and services. The transaction noted the transfer of 9,179 ETH, amounting to $20.9 million, to Binance, the world’s leading centralized cryptocurrency exchange, today. Meanwhile, Galaxy Digital’s current ETH holding amounts to 10,038 ETH, evaluating $22.8 million.
Furthermore, the second transaction that caught the eyes of traders and investors within the broader crypto market was done by Celsius Network. The crypto financial services provider company deposited 7,500 ETH to Coinbase recently, nabbing attention across markets. The amount of ETH transferred to Coinbase was evaluated to $17.05 million at the time of writing. Moreover, the institution’s total ETH outflow since November 14 totaled 44,769 ETH, as per market charts.
In addition to the above-mentioned transactions, a third transaction caught noteworthy attention among market enthusiasts, transferring 3,143 ETH to Coinbase, one of the world’s leading cryptocurrency exchanges. Reportedly, this transaction was also done today. Besides, the amount of ETH transferred to Coinbase totaled $7.21 million. Meanwhile, the total ETH outflow from FTX since October 24 totaled a whopping $54.3 million.
Also read: <a href="https://coingape.com/terra-founder-do-kwon-appeals-against-extradition-decision-of-montenegrin-court/" target="_blank" rel="noopener noreferrer nofollow">Terra founder Do Kwon Appeals Against Extradition Decision of Montenegrin Court</a>
<h2 id="eth-price-jumps-amid-dumping-of-tokens-to-cexs">ETH Price Jumps Amid Dumping Of Tokens To CEXs</h2>
As of writing, the <a href="https://coingape.com/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum price</a> witnessed a marginal upswing of 2.24% in the past 24 hours, reaching $2,259.48. Additionally, the token also noted a substantial surge of 10.07% over the past week, assisted by a 19.22% surge over the past thirty days.
However, the dumping of ETH to CEXs appears to come contrary to the aforementioned price surge witnessed by the token, as the circulation supply potentially increases.
Also read: <a href="https://coingape.com/shiba-inu-price-soars-as-shib-surpasses-ltc-and-dai/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu Price Soars As SHIB Surpasses LTC and DAI</a>
The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/ftx-galaxy-digital-celsius-move-45-mln-worth-eth-to-binance-coinbase/">FTX, Galaxy Digital, &amp; Celsius Move $45 Mln Worth ETH To Binance &amp; Coinbase</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.

FTX, Galaxy Digital, & Celsius Move $45 Mln Worth ETH To Binance & Coinbase

Table of Contents

Coingape News Media

Other articles published on Dec 6, 2023

Wemade announces strategic partnership with DIFC Innovation Hub and plans to establish WEMIX PLAY...

Dogecoin And Shiba Inu Break Above Monthly Resistance Levels! Is Meme Coin Rally Starting?

How Dogecoin defied odds: marking 10 years in the crypto world

Terra Founder Do Kwon Appeals Against Extradition to South Korea and US

EU Nears Agreement on Groundbreaking AI Regulations

24 Crypto Update,5 Dec: From Bear to Bull:Crypto Reclaim the Spotlight

Join our free newsletter for daily crypto updates!