Crypto Express

07/09 03:20

1,140 ETH moved after 10 years – Will Ethereum

1,140 ETH moved after 10 years – Will Ethereum prices react?

Despite headline moves, Ethereum’s on-chain data reflects bullish signals and rising community engagement.

Exchange outflows and positive Funding Rates highlighted investor confidence despite whale and government transfers.

Social dominance spiked as ETH tests liquidation zones between $2,500 and $2,560.

An Ethereum [ETH] ICO participant moved 1,140 ETH worth $2.88 million after nearly 10 years of inactivity, hours after the U.S. government sent 86.56 ETH to Coinbase Prime.

These transfers have reignited concerns around potential sell pressure from old whales and institutions. 

However, the broader on-chain data paints a more nuanced picture. For instance, Ethereum was trading around $2,555 at press time, and exchange activity showed that more coins were flowing out than in, suggesting continued investor conviction. 

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