en.bitcoinsistemi.com
According to Onchain data, large institutional cryptocurrency investors made some big transactions today.
According to data provided by Lookonchain, Amber Group, a major cryptocurrency investment firm, sent 6,443 $ETH worth $17.62 million to cryptocurrency exchanges Binance and Kraken in a transaction today.
On the other hand, another cryptocurrency company, Cumberland, moved 6,439 $ETH worth $17.66 million to the cryptocurrency exchange Binance in its latest transaction.
The possible sales made by these institutional investors, who can be defined as whale wallets, will also bring about a drop in the price of $ETH. Ethereum lost approximately 3% of its value during the day, falling from around $ 2,770 to $ 2,685.
It should also be noted that this decline is more serious than the general decline in the cryptocurrency market. In addition, $ETH's weekly increase rate also lagged behind Bitcoin. While the BTC price increased by 7.5% in the last week, this rate remained around 3% in $ETH.
*This is not investment advice.