Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Metalpha Moves $77.55 Million in Ethereum to CEX

Metalpha Moves $77.55 Million in Ethereum to CEX

Cryptodnes2024/09/12 07:12
By:Cryptodnes

Metalpha, a major crypto wealth management firm based in Hong Kong, recently transferred $77.55 million in Ethereum (ETH) to Binance, as reported by Lookonchain.

Over several transactions, Metalpha moved a total of 33,589 ETH to the exchange, including a notable transfer of 10,000 ETH valued at $23.45 million on Monday.

Currently, Metalpha retains 51,300 ETH, worth approximately $120 million.

Lookonchain also highlighted  increased activity among Ethereum whales. One whale recently purchased 5,000 ETH for $11.46 million at recent lows.

This whale had previously bought 5,200 ETH at an average price of $1,322 in November 2022 and sold it at an average price of $2,093 between December 2023 and January 2024, realizing a profit of over $4 million.

At present, Ethereum is trading at $2,378, marking a 1.5% increase in the last 24 hours.

 

 
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!