Ethereum whales are sending blended alerts to the market with their strikes. Within the final 24 hours, the Ethereum value dropped 6%, sliding from $2,650 to $2,484. The sharp decline coincides with large-scale whale actions, out of which some sign panic and others present indicators of strategic accumulation. Ethereum Whales Look to Transfer ETH Off the Exchanges In keeping with Lookonchain, a whale dumped 10,543 ETH (price $26.1 million) on decentralized exchanges at a mean value of $2,476. This resulted in a $2 million loss over simply 48 hours, as per on-chain knowledge. In the meantime, analysts at CryptoQuant reported that the Ethereum whales withdrew greater than $540 million price of ETH from centralized platforms. This was the biggest single-day internet ETH outflow since April. Analysts interpret this as a transfer to chilly wallets or staking protocols, which is a traditional signal of long-term holding. Binance’s Ethereum Reserves Drop by 300,000 ETH Including to… Read More at Coingape.com
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