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Large Ethereum Transfer to Binance… Approximately 199.5 Billion KRW

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Son Min
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  • A large amount of Ethereum has been transferred to Binance, amounting to approximately 199.5 billion KRW.
  • Large deposits to exchanges can cause short-term volatility due to increased selling pressure.
  • On the Binance USDT market, Ethereum is trading at $2,785, up 0.53% from 24 hours ago.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

A large amount of Ethereum (ETH) has been transferred to Binance.

On the 4th (local time), Whale Alert announced on X that "36,909 ETH has been transferred from an anonymous address to Binance," stating that "this is approximately 138.12 million dollars (about 199.5 billion KRW)."

Typically, large deposits to exchanges can lead to increased selling pressure, which may cause short-term volatility.

As of 8:38 PM, Ethereum is trading at $2,785 on the Binance USDT market, up 0.53% from 24 hours ago.

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sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit