Two Large Cryptocurrency Trading Institutions Bulk Sell Ethereum
Publication Time:2024-08-26 23:16:08
According to blockchain data analysis platform Lookonchain, Amber Group deposited 6,443 Ethereum (ETH) into two major trading platforms, Binance and Kraken, six hours ago, amounting to approximately $17.62 million. Shortly after, Cumberland deposited 6,439 ETH into Binance three hours ago, valued at around $17.66 million. This series of large-scale selling activities has attracted significant market attention. It indicates that these large cryptocurrency trading institutions may be adjusting their asset allocation strategies or responding to market trends. For investors, this could mean increased market volatility, and they need to closely monitor subsequent developments.
Ethereum
Cryptocurrency
Large Transactions
Dumping
trading institutions