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Bitcoin
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$90,210.00 -2.14979
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Ethereum
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$3,083.68 -4.58795
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BNB
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$881.67 -0.55743
BNB price
Solana
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$132.61 -2.97636
Solana price
XRP
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$2.01 -0.87309
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Shiba Inu
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Bonk
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dogwifhat
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Popcat
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Bitcoin
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$90,210.00 -2.14979
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Ethereum
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$3,083.68 -4.58795
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BNB
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$881.67 -0.55743
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Solana
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$132.61 -2.97636
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XRP
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Shiba Inu
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Pepe
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Bonk
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dogwifhat
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Bitcoin
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$90,210.00 -2.14979
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Ethereum
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$3,083.68 -4.58795
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BNB
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$881.67 -0.55743
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Solana
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$132.61 -2.97636
Solana price
XRP
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$2.01 -0.87309
XRP price
Shiba Inu
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$0.0000083 -1.5507
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000044 -5.18454
Pepe price
Bonk
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$0.0000092 -5.59749
Bonk price
dogwifhat
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$0.390373 -2.17509
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Ether whale moves 3k ETH to Binance

Nicholas Ross Say
Edited by
News
Ether whale moves 3k ETH to Binance

An ethereum trader that recently made a $4.49 million profit by trading ETH on the Binance exchange has just transferred 3,000 ETH to the exchange again.

Ether trader moves value

The global cryptocurrency markets have seen a resurgence in recent weeks, overcoming the widespread FUD triggered by the U.S. SEC’s enforcement actions against several market participants.

Ethereum (ETH), the world’s second-largest cryptocurrency, has also witnessed strong bullish momentum this week, hitting a high of over $1,976 on July 3. 

However, despite the strong charge of the bulls so far, on-chain data released by Spot on Chain shows an ETH trader, who had previously earned a profit of over $4 million by correctly catching the token’s previous dump-pump cycles, may be anticipating an imminent ether price crash.

Per a Twitter thread by the researchers, the trader has transferred 3000 ETH (worth around $5.87 million at the time) to Binance. The whale previously accumulated ETH during the Nov 2022 and Jun. 2023 lows at an average purchase price of $1,218.

https://twitter.com/spotonchain/status/1676073223824498688/

At press time, the global crypto market capitalization stands at around $1.22 trillion, representing a 0.83% increase in the last 24 hours, according to CoinMarketCap.

Ether (ETH) is exchanging hands for $1,960, representing a decent 4.2% increase on the weekly timeframe. ETH has a 24-hour trading volume of $7,638,161,476, with a market cap of $235,672,969,963, according to data available on CoinGecko.Â