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Institutional Whale Deposits 142,800 ETH to Exchanges Over Four Days

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On-chain analyst Ember Monitoring reported that an institutional entity deposited 142,800 ETH, valued at approximately $345 million, into various centralized exchanges between August 30 and September 2. The average price during these transfers was about $2,420 per ETH. In the last 24 hours alone, the institution moved 39,500 ETH worth $95 million. The entity currently retains a balance of 29,735 ETH, valued at approximately $70.9 million.

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Summaries are written by AI from the original article. Not investment advice.

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