Ethereum Faces Whale Pressure as Binance Deposits Hit $178 M
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6 Articles
Ethereum Faces Whale Pressure as Binance Deposits Hit $178 Million
Ethereum is navigating a period of heightened uncertainty after one of the most-watched wallets in crypto moved hundreds of millions of dollars worth of ETH onto Binance, sparking fresh debate about near-term price direction for the world’s second-largest cryptocurrency. The Garrett Jin Transfers A key Bitcoin OG known as Garrett Jin transferred another 78,000 ETH to Binance on Friday, stretching his cumulative potential sales to 244,000 ETH ove…
Ethereum (ETH) Slides Under $2,300 Amid Major Whale Dumping and ETF Withdrawals
Key Takeaways Large whale address transferred 244K ETH to Binance across three days, creating downward price pressure Spot Ethereum ETFs in the US registered $103.5 million in withdrawals, breaking a four-day positive flow trend Since February’s market low, institutional investors have preferred Bitcoin allocations over Ethereum holdings An address connected to Erik Voorhees accumulated 2,920 ETH valued at $6.67 million USDT during recent weakn…
Ethereum Faces Whale Pressure as Binance Deposits Hit $178 M
The post Ethereum Faces Whale Pressure as Binance Deposits Hit $178 M appeared on BitcoinEthereumNews.com. Onchain Lens said that Garrett Jin deposited 78,077 ETH, worth about $177.92 million, into Binance. Crypto Rover called the latest Binance deposit bearish and cited the prior ETH drop. Lookonchain said a whale linked to Erik Voorhees bought 2,920 ETH for $6.67 million. Ethereum whale activity has intensified as ETH continues to struggle aga…
Ethereum Market Faces Whale Pressure as Binance Deposits Hit $178 Million
Onchain Lens said that Garrett Jin deposited 78,077 ETH, worth about $177.92 million, into Binance. Crypto Rover called the latest Binance deposit bearish and cited the prior ETH drop. Lookonchain said a whale linked to Erik Voorhees bought 2,920 ETH for $6.67 million. Ethereum whale activity has intensified as ETH continues to struggle against Bitcoin, bringing fresh attention to large exchange deposits and private-wallet accumulation. On-chain…
According to ChainCatcher, market sources indicate that on-chain data tracking shows Garrett Jin (labeled "Bitcoin OG 10/11") deposited 78,077 ETH into Binance, equivalent to approximately $178 million at current prices.
Ethereum Whale and ETF Giants Move $260M in ETH to Exchanges Amid ETF Outflows
Ethereum markets faced renewed pressure after major holders and institutional issuers transferred more than 113,000 ETH, worth nearly $260 million, to exchange-linked platforms within hours. The large-scale Ethereum transfers came as US spot Ether ETFs recorded significant outflows, raising speculation about potential selling pressure in the crypto market. On May 8, Ethereum whale Garrett Jin deposited 78,000 ETH valued at approximately $178 mil…
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