300,000 Ethereum Transfer Sparks Shock At Leading US Exchange

In a new development that is creating ripples in the cryptocurrency space, Whale Alert, one of the top blockchain trackers, has detected two huge Ethereum (ETH) transfers heading to Coinbase. Each transfer involved 150,000 ETH, totaling a staggering 300,000 ETH at nearly $395 million. These transactions were carried out consecutively. Related Reading: Uniswap: Market Swing Yields 12% Gains – Can UNI Sustain The Momentum? Ethereum: Market Reaction And Speculation Big movements typically spark speculation. Large cryptocurrency flows into Coinbase mean the sender may be selling. Increasing availability could lower market prices. Despite Ethereum’s 3.25% 24-hour increase, huge transactions keep traders apprehensive.

What's Your Reaction?

0

Like

0

Dislike

0

Love

0

Funny

0

Angry

0

Sad

0

Wow

Related Posts

Solana (SOL) Ripe For Price Discovery, Analyst Eyes $60...

Aug 27, 2024  7

US ETH ETFs Draw $48.73M on Monday; Grayscale’s $46.84M...

Aug 6, 2024  5

Australia Sets New Rules: Crypto Firms Must Obtain Fina...

Sep 25, 2024  7