According to COINOTAG News on December 25th, recent monitoring by LookIntoChain has unveiled significant movements from a known whale address linked to Nexo. In a noteworthy transaction within the last hour, the address deposited 4,946 ETH, valued at approximately $17.2 million, into Binance. Since December 2nd, this particular Nexo address has transferred a staggering 114,262 ETH to Binance, amounting to around $423.3 million, with the average price recorded at $3,705. Such large-scale transfers highlight ongoing capital flows within the cryptocurrency market, underscoring the strategic movements of institutional investors amidst a volatile trading environment. Investors and market analysts should closely monitor these activities as they may indicate larger market trends in investor sentiment and liquidity.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024