Ethereum Whales Make A Splash: $94M Worth Of ETH Acquired Amidst Crypto Market Turmoil
Portfolio Pulse from Mehab Qureshi
Four Ethereum (CRYPTO: ETH) whales have collectively acquired $94 million worth of ETH over the past week, taking advantage of the recent drop in crypto markets. The transactions involved withdrawing substantial amounts of ETH from crypto exchanges Binance and OKX. At the time of writing, ETH was trading at $1,655, down 1.8% in the last 24 hours.
August 25, 2023 | 11:45 am
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Ethereum whales have acquired $94M worth of ETH, indicating strong confidence in the asset despite recent market volatility. This could potentially stabilize or increase ETH's price in the short term.
The acquisition of a large amount of ETH by whales shows their confidence in the asset's potential, despite the recent market drop. This could lead to a stabilization or increase in ETH's price as it indicates strong demand.
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