Ethereum

The post <a href="https://coinpedia.org/crypto-live-news/wintermutes-43m-ethereum-transfer-to-binance-signals-big-market-move/" rel="noopener noreferrer nofollow">Wintermute’s $43M Ethereum Transfer to Binance Signals Big Market Move!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As the Ethereum price continues to fall for the third consecutive day, Ethereum hits $2460, accounting for an 8.30% drop yesterday. With the third consecutive bearish candle, $ETH registered an 11.22% fall and currently trades at $2477, with a minor recovery of 0.78%.
Amid the sell-off rally, Wintermute, a prominent market maker, and a well-known Ethereum Whale, decided to move 14,759 ETH, worth around $36.26 million, to deposit over the Binance Exchange within 15 minutes. This comes as a broader strategy where the firm has decided to complete a transfer of 17,571 ETH over the exchange within a span of just 8 hours.
The total worth of the transfer volume is expected to be around $43.41 million. After collecting the Ethereum tokens from various exchanges, namely OKEx, Coinbase, Gate, Bybit, and Kraken, the sudden increase in Wintermute’s activity makes the market wonder if Ethereum will crash to $2,000.

Wintermute’s $43M Ethereum Transfer to Binance Signals Big Market Move!

CoinPedia News

Other articles published on Aug 28, 2024

Russia to Launch Crypto Payment Trials in Response to US Sanctions Pressure: Report

Telegram’s Pavel Durov freed from custody, awaits court ruling

Binance Announces MATIC To POL Token Swap Support, Is Breakout Imminent?

Bitcoin holdings of publicly listed firms increased to $20B in one year: Data

Cryptocurrency with Limited Supply: Maximize Your Returns with CryptoBox

Pavel Durov Frequently Visited Russia, Data Reveals

Join our free newsletter for daily crypto updates!