# Etheruem Dips As ETH Is Moved To CEX

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Last modified: 2022-11-28

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By Ivy Heffernan · 2022-11-28
Tags: Crypto, crypto, ETH, Ethereum, ethereum, CEX, Featured, 2022
Signed: no (published before platform launch).
Nothing in this article is investment advice.

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.

https://twitter.com/lookonchain/status/1597100848336683008?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1597100848336683008%7Ctwgr%5E2bc86646ba1b46912607904b6a12b4ef7c8c7158%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.coindesk.com%2Fmarkets%2F2022%2F11%2F28%2Fether-drops-as-whale-moves-73k-eth-to-binance%2F

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