Ethereum

<ul><li>Ethereum&#39;s market value remains steady above $2,170 despite significant movements of 240K ETH from major exchange wallets.</li><li>The supply of Ethereum on exchanges hits a new low, with a 2.99% drop, as large wallets redistribute 240K ETH.</li><li>Ethereum&#39;s presence on exchanges dips to 8.07%, the lowest since its inception, following a major shift from top wallets.</li></ul>Ethereum&#39;s latest market movements have captured significant attention. Ethereum, holding its ground above $2,170, has seen a substantial shift in its exchange wallet dynamics. An aggregated total of 240,000 ETH has recently been transferred from the largest exchange wallets. This movement represents a 2.99% decrease in the coins held by these wallets, marking a notable trend in the cryptocurrency&#39;s distribution.Santiment, a platform with on-chain &amp; social metrics for Cryptocurrencies, shared a Twitter  post providing insights about the recent Ethereum exchange wallet movements:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/47f8e435c0834b7bbdc47ca97a99aa93.png" />Ethereum&#39;s largest exchange wallets, often seen as market influencers, have collectively reduced their holdings from 8.03 million to 7.79 million ETH. This shift is not just a numeric change but signifies a deeper market trend. Consequently, the total supply of Ethereum on exchanges has plummeted, reaching a new low. This redistribution of Ethereum from large wallets to smaller ones or off the exchanges entirely is reshaping the landscape of Ethereum&#39;s availability in the market.Read full article at<a href="https://cryptotale.org/ethereum-exchange-wallets-witness-major-shift-with-240k-eth-movement/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Ethereum Exchange Wallets Witness Major Shift with 240K ETH Movement

CryptoTale

Other articles published on Dec 20, 2023

Shiba Inu’s Potential Surge: Analysts Predict a Bright Future

Is Filecoin Price Going to Zero? FIL Sinks 5% as New Bitcoin Mining Protocol Gathers $5.5 Million...

Investors and Visionaries Chart a Course for Success: VC Founders Yacht Cruise Returns to Dubai!

Ripple (XRP) Announces Obtaining License in a European Country: Here are the Details!

LUNC Jumps as Do Kwon Wins Extradition Appeal, 'Cos Crypto

Biokript joins Microsoft program

Join our free newsletter for daily crypto updates!