Metalpha Moves $23 Million Worth of Ethereum to Binance

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Sep 10, 2024 10:42

Earlier today, Metalpha deposited 10,000 ETH, worth approximately $23 million, into Binance, according to blockchain tracker Lookonchain. This follows a series of significant Ethereum transactions by Metalpha, totaling 23,589 ETH, or roughly $54.1 million, sent to Binance over the past three days. On September 6, Metalpha withdrew 5,994 ETH (about $14.07 million) from Lido before depositing 5,500 ETH, valued at $12.9 million, into Binance. These large transactions are capturing attention as they could influence Ethereum’s market price and reflect the dynamic nature of cryptocurrency trading.