Ethereum sell-off fears rise as crypto hedge fund moves $60M ETH to an exchange - BitcoinEthereumNews.com
crypto EthereumTumataas ang pangamba sa pagbebenta ng Ethereum habang inililipat ng crypto hedge fund ang $60M ETH sa isang exchange05 / 30 / 2022Balita ng Ethereum ng Bitcoin Ang katutubong token ng Ethereum na Ether (ETH) rose by more than 5% to reach its intraday high above $1,930 on May 30. Nonetheless, the ETH/USD pair risks facing another sell-off round due to concerns about a massive ETH inflow into an exchange. 58.7K Ether transferred to FTX in May On May 30, the Ether address allegedly associated with Three Arrow Capital — a Singapore-based crypto hedge fund, sent 32,000 ETH worth $60 million to the FTX crypto exchange within a span of an hour, on-chain data shows. The bulk transfer, which follows the funds 26,700 ETH deposit to the same exchange earlier in May, raised suspicions that it would dump the Ether stash. That is primarily because, in theory, investors transfer crypto to their exchange wallets only when they want to sell them for other assets. dump eeth? https://t.co/7xdI80P8rZ — Tim Copeland (@Timccopeland) Mayo 30, 2022 Nonetheless, the number of Ether held by exchanges continued to drop in May, according to on-chain data tracked by Glassnode. Ang ETH balance across all the crypto exchanges dropped from 20.45 million to