About $1 billion worth of Ethereum (ETH) was invested in Coinbase, the largest US-based cryptocurrency exchange, in one day.
According to data transmitted by the on-chain analytics platform Glassnode May 15 cryptocurrency exchange day to Coinbase approximately 1 billion dollars worth 53 thousand 467 Ethereum was the entry. It is not yet known whether the transaction in question is a transfer between the exchange’s own wallets or from another wallet.
In addition, May 15 09.30 CET around 35 million dollars worth 19,635 Ethereum sent to Coinbase from an unknown external wallet. The transaction is handled by the on-chain data platform Whale Alert. confirmed. Some users have paid large amounts of Ethereum transfers to whales. meme coin interpreted as preparation for receiving.
Are Coinbase staking assets moving?
On the other hand, CryptoQuant to the data When we look at the assets of 53 thousand ETH in question, 44 thousand ETHowned by Coinbase cbETH deposit address 0xc7…a019‘from Coinbase 10It turns out to be transferred to . Commenting on the data, experts said that these transactions took place between internal wallets and that Coinbase staking stated that there may be assets transferred as a result of the cancellation of transactions.
Although it is difficult to predict the purpose of such large amount of transactions, it is generally interpreted by analysts as a selling pressure. On the other hand, if this is a transfer from an external wallet, the user can sell their Ethereum assets and replace them with different altcoins or coins. bitcoin (BTC) can also purchase.
According to CoinGecko data, in the last 24 hours 1.4% valued ETH, at the time of writing at $1,830n is traded.
