- Large ETH transfers follow the SEC closing its Ethereum 2.0 investigation.
- The Ethereum staking contract sees an inflow of funds after regulatory clarity.
- ETH price increases by 5%, reflecting positive market sentiment.
Massive Ethereum (ETH) transfers to and from centralized exchanges have followed a crucial regulatory development, stirring excitement within the crypto community.
Whale Alert, a blockchain tracking platform, highlighted these transactions in several posts on X (formerly Twitter). One report detailed the transfer of 16,000 ETH, valued at over $56.86 million, from the Binance exchange to the Binance Beacon Deposit address at 06:31 UTC today.
16,000 #ETH (56,856,770 USD) transferred from #Binance to Binance Beacon Deposithttps://t.co/3B4mPSg2j5— Whale Alert (@whale_alert) June 19, 2024
Etherscan data showed that after the 16,000 ETH inflow, the recipient address transferred the entire amount to the Ethereum Beacon Deposit Contract in multiples of 32 ETH. A total of 500 such transactions occurred in the last few hours.
These transactions followed closely after the SEC closed its investigation into Ethereum 2.0. This move indicates …
The post Massive ETH Staking Influx Signals Renewed Investor Confidence appeared first on Coin Edition.