Ethereum’s sell-off is becoming more pronounced as major investors and institutions move their ETH to the Binance exchange. On-chain analytics provider Lookonchain has reported significant deposits by these investors, highlighting the ongoing trend of selling off Ethereum. One whale, identified as “0x6229,” deposited 19,557 ETH ($48.14M) to Binance, while crypto institution Metalpha deposited 10,000 ETH ($24.5M) to the exchange. These large transfers indicate a shift in sentiment and raise concerns among community members about the market’s future. With institutions and whales moving assets to exchanges, increased volatility and price fluctuations are expected.
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Ethereum Sell-Off Intensifies as Major Whales Move $ETH to Binance
