Wallets Deposit 45,000 ETH to Exchanges Over Past 15 Hours
Two wallets deposited 45,000 ETH, valued at $104 million, to three cryptocurrency exchanges in the past 15 hours. The deposits were reported by blockchain analytics account @lookonchain. The wallets are linked to an entity, according to the report.
Des Barres; Joseph Frederick Wallet Des Barres / Wikimedia (Public domain)analytics account @lookonchain reported that two wallets deposited a total of 45,000 ETH to cryptocurrency exchanges. The deposits, valued at $104 million, were made to Binance, Bybit, and OKX over the past 15 hours. The wallets are linked to an entity.
Such deposits by large holders, often referred to as whales, can occur for various reasons including potential sales or transfers. The report did not specify the intent behind the deposits. Ethereum is a major cryptocurrency, and exchange deposits are monitored for market insights.
