Ethereum whales move their cryptocurrency towards exchanges before the integration upgrade
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Ethereum whales move their cryptocurrency towards exchanges before the integration upgrade
Ethereum’s transition to the Proof of Stake consensus algorithm is approaching.
Yesterday, the Ethereum Foundation revealed that the merger upgrade may happen sooner than previously expected.
The mainnet will be migrated to PoS between September 10-20, after the Bellatrix upgrade.
Currently, the data shows that the major Ethereum addresses have reduced their holdings.
According to cryptocurrency transaction and behavior analysis platform Santiment, the top 10 Ethereum addresses are decreasing their holdings while the headlines of major exchanges grow.
The data shows that these big titles have reduced their exposure by nearly 11% over the past three months.Read:Using Telegram to Steal Bitcoin by North Korean Hackers
This happens less than a month before the consolidation is expected to occur.
This could mean that large entities are preparing to take action based on how events unfold.
At the same time, it is also worth noting that Ethereum appears to be more dominant than Bitcoin in terms of trading volume on a few historical occasions in August.
While CryptoQuant reported that the trading volume of Ethereum is higher than Bitcoin.
For example, on August 22, Ethereum accounted for 40% of the trading volume on exchanges, while Bitcoin represented only 31%.
The remaining percentage is the ratios of trading volume to other currencies.
This led CryptoQuant to the conclusion that despite the declining chatter on social media about the merger upgrade, Ethereum remains very popular, and investors are trading the hype.Read:SEC Commissioner Calls for Regulatory Clarity on Cryptocurrencies
Crypto exchange Zipmex meets with the Securities Commission of Thailand to discuss its recovery plan
SEC Postpones Decision on VanEck’s Bitcoin ETF Implementation…Details Here
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time