Giant Company Sent A Large Amount Of This Altcoin To Binance Before The FED Decision! Preparation for the Interest Rate Decision?

Amber Group company, which mostly provides liquidity and market making services in Asia, has given 10,000 to the cryptocurrency exchange Binance, according to on-chain data. Ethereum (ETH) (approximately $15 million).

This transfer, which was made just before the FED’s highly anticipated interest rate decision, was interpreted as the company could make a move according to the FED’s decision.

There Are Many Other Altcoins Alongside Ethereum Transferred to Binance by Amber Group

Approximately $1.14 million worth of stablecoins currently available at the aforementioned address owned by Amber Group USDC, $276,000 USDT, $153,000 TruFi, $133,000 Wrapped Ether and $100,000 BUSD has token. Also in lower quantities SUSHI, MATIC, CRV, AGLD, SPELL, LEATHER and SAND altcoins are also kept in the wallet.

So, what could be the purpose of Amber Group regarding the transfer in question?

Prepare for potential market changes: The transfer of 10,000 Ethereums to Binance prior to the Fed’s interest rate decision indicates that Amber Group is preparing for potential market changes that could be triggered by the decision.

Trading or providing liquidity: As a market maker service provider, Amber Group may have transferred Ethereum to Binance for trading or providing liquidity to the exchange.

Diversifying assets: The company’s cryptocurrency wallet appears to hold a large number of different altcoins, which may indicate that with the latest transfer, Amber Group has diversified its holdings to further reduce risk and maximize returns.

*Not investment advice.