Cryptocurrency-focused investment company Paradigm deposited $14 million in Ethereum (ETH) to Coinbase.
Investment firm that wants to turn the recent rise in cryptocurrencies into an opportunity to Coinbase Ethereum carried it.
On-chain analytics platform Lookonchain dated 6 January to share According to Paradigm, during the day $14.67 million worth 6,500 Ethereum He deposited it to Coinbase.
Lookonchain noted that Paradigm was very successful in trading and accumulated during the bear market. Bullish Ethereum He said he sold it in the markets.
Recently, the cryptocurrency market has been subject to criticism from the US Securities and Exchange Commission. (SEC) a possible future spot Bitcoin ETF While waiting for the news, this caused prices to rise.
While this situation directly affected Bitcoin, most of the altcons also increased. According to CoinGecko data, in the last year 78% up live Ethereum, your highest level below 54% is watching.
Ethereum in the last 24 hours 1.2% experiencing an increase during writing from $2,246 is being traded.