Home 2022 Etheruem Dips As ETH Is Moved To CEX

Etheruem Dips As ETH Is Moved To CEX

During Asia trading hours, 73,224 ETH, worth $85.67 million was moved to Binance. This caused a dip in the price, as reason for moving to a centralised exchange is usually to sell or for derivitives trading, increasing the volatilty in the market. The Ethereum was said to have been held in a staking pool located on Curve. The price fell 4%, now hovering around at $1,169.

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