According to data shared by on chain data aggregator Santiment, the supply of Ethereum on the exchange has experienced a historic decline; Since the creation of Ethereum in 2015, such a small number of ETHs have never appeared on centralized trading platforms.This occurred when the price of Ethereum exceeded the $1850 level for the first time in nearly three months
According to data shared by on chain data aggregator Santiment, the supply of Ethereum on the exchange has experienced a historic decline; Since the creation of Ethereum in 2015, such a small number of ETHs have never appeared on centralized trading platforms.
This occurred when the price of Ethereum exceeded the $1850 level for the first time in nearly three months.
Ethereum soars, and the giant whales transfer their ETH collective from the exchange
A post by SantimentX stated that due to the news that ETH has broken the $1850 price barrier for the first time since mid August, Ethereum has made a large-scale withdrawal from the exchange.
The supply of Ethereum held in the exchange wallet has dropped to the 8.41% mark, which is the lowest level since the creation of Ethereum in 2015. Therefore, extracting ETH from centralized trading platforms for whale trading has reached a peak of six months.
#Ethereum performed well during the entire market # crypto surge period. The price has exceeded $1850 for the first time since August 15th, and currently 8.41% of ETH supply on the exchange is the lowest level since # genesis in 2015. The whale trade also reached a new high in six months.
According to Tuesday's report, several new whales have obtained an astonishing number of Ethereum -56070ETH, worth $98.06 million. According to the @ OnchainDataNerd encrypted transaction tracker, this Ethereum block was purchased within less than 24 hours.
Ethereum prices skyrocketed to over $1840
Since Sunday, Ethereum, the second largest cryptocurrency, has risen by 12.70%, soaring from $1638.8 to a glorious level of $1846. The surge in Bitcoin has driven it forward. Since the beginning of this week, due to the increasing speculation about the highly anticipated approval of Bitcoin spot ETFs this year, Bitcoin has risen by over 15%.
In addition, according to USA Today, last month, Grayscale submitted an application for approval to launch an ETH Futures Exchange Traded Fund.
After the aforementioned surge in ETH, it fell by 3.11%. At the time of writing, Ethereum's resale price was $1789.
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