Ethereum whales are actively trading ETH at the pace last seen in January for the past 24 hours.
According to an on-chain analysis company Santiment, Ethereum whales are actively trading ETH at the pace last seen in January for the past 24 hours. According to charts provided by Santiment, Ethereum whales began trading a total of 2,956 on May 11, each worth more than $ 1 million, making it the best day to trade whales in almost five months. ..
? # EthereumWhales are very active today and have begun trading 2,596 worth over $ 1 million. This is the best day of whale trading since January and $ ETH It fell below $ 2k for the first time since July last year. https://t.co/FZoTsFJwEn pic.twitter.com/MVFEpzysxN
— Santiment (@santimentfeed) May 11, 2022
Santiment says that trading of this type of whale may be noteworthy as Ethereum has fallen below $ 2,000. In recent market sellouts, Ethereum has fallen by more than 10% in the last 24 hours, touching the $ 1,701 lows seen at the time of writing. Ethereum is currently trading at $ 1,951.
As previously reported by U.Today, over 330,000 ETHs have been sent to crypto exchanges in the last few weeks. An increase in inflows to the exchange may indicate an increase in sales pressure due to a decrease in demand. As the asset is for sale, this leads to its availability on the exchange and the consequent price decline.
Positively, based in Brazil, one of the world’s largest digital banking platforms, Nubank sheds light on the ability to buy, hold and sell cryptocurrencies, Bitcoin and Ethereum.
Ethereum records $ 352 million liquidation in market plunge
Ethereum has fallen alongside the general cryptocurrency market with its recent sale. Cryptocurrencies fell with the stock market after the Bureau of Labor Statistics reported that consumer prices rose 8.3% in April. This was slightly higher than expected by economists surveyed by Dow Jones.
? # Ethereum $ ETH The number of addresses holding over 100 coins reached a monthly high of just 42,966.
The highest monthly value of 42,935 was observed on May 4, 2022.
View metric: https: //t.co/FbjiMG3uFX pic.twitter.com/QR7qe83lbM
— Glassnode alerts (@glassnodealerts) May 12, 2022
According to CoinGlass, there have been approximately $ 1.29 billion liquidations across the crypto market in the last 24 hours. Ethereum has suffered a $ 352 million liquidation in the last 24 hours.
Despite market volatility, Ethereum’s address count of over 100 coins reached a record high of 42,995 in five months. Ethereum’s trading volume also reached a record high of 127,411.285 ETH in 11 months. Glassnode Alert.