2024

Foundation

Coin

<ul class="wp-block-list news-points"> 
 <li>A crypto address transferred 90K ETH to Binance within 24 hours. </li> 
 <li>ETH users are concerned about a potential sell-off. </li> 
 <li>There is bearish pressure on ETH, causing a 1.6% drop in the early hours of Sunday. </li> 
</ul>   
A cryptocurrency address suspected to belong to the ARB Foundation, a non-profit organization reaching out to those struggling with depression, recently transferred a significant amount of ETH to the Binance crypto exchange, striking fears of a potential ETH dump among the crypto community.   
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 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> dumping????? 8 hours ago, a wallet (may belong to <a href="https://twitter.com/hashtag/ARB_Foundation?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ARB_Foundation</a>) deposited 60k <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> (~$150.33M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a>. Within 24 hours, he deposited totally 90k <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> (~$226.02M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a>. Address:<a href="https://t.co/zjzY3AsIo7" target="_blank" rel="nofollow">https://t.co/zjzY3AsIo7</a> <a href="https://t.co/qVrMTwgWgk" target="_blank" rel="nofollow">pic.twitter.com/qVrMTwgWgk</a>— The Data Nerd (@OnchainDataNerd) <a href="https://twitter.com/OnchainDataNerd/status/1830079845100827090?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 1, 2024</a>
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The Data Nerd, an acclaimed onchain tracker on X, noted the wallet deposited 60,000 ETH, equivalent to $150.33 million, on Binance in the last hours of the ultimate day in August. According to the onchain tracker, the recent ETH deposit increased the total amount the address transferred to Binance to 90,000 ETH, worth approximately $226.02 million.   
The onchain …
The post <a href="https://coinedition.com/eth-dump-users-panic-as-whale-sends-90k-eth-to-binance-in-24-hours/">ETH Dump: Users Panic As Whale Sends 90K ETH to Binance in 24 Hours</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

ETH Dump: Users Panic As Whale Sends 90K ETH to Binance in 24 Hours

Coin Edition

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