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Live Trading News > Blog > Crypto > Ethereum > Etheruem Dips As ETH Is Moved To CEX
2022

Etheruem Dips As ETH Is Moved To CEX

Ivy Heffernan
Last updated: November 28, 2022 5:50 am
Ivy Heffernan
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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.

The whale who removed 84,131 $ETH ($101M) from Curve 3 days ago is transferring $ETH to #Binance.

He transferred a total of 73,224 $ETH ($85.7M) to #Binance, leaving 11,884 $ETH ($13.9M).

Watch out for selling pressure of $ETH!https://t.co/8KRdt8kopHhttps://t.co/voRXKZIhSF pic.twitter.com/7VYHFhlUQV

— Lookonchain (@lookonchain) November 28, 2022

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By Ivy Heffernan
Executive Assistant for KXCO. 4+ years in rigorous marketing positions. Experienced writer, and part time digital designer. Thorough experience in web design and SEO. Early crypto investor and enthusiast. Entrepreneurial mindset with a degree in Business Economics
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