Investors Withdraw $574M of Ethereum from Coinbase Leading to Concerns of Price Drop
Tuesday, 11 June 2024, 06:59
Ethereum Investors Activity
Investors have withdrawn a massive $574 million worth of Ethereum from Coinbase, resulting in a dip in supply levels to a 7-year low.
Price Concerns
ETH Price Drop: The substantial outflow from the exchange raises concerns about a potential downtrend in Ethereum's value.
Market Speculation: Traders and analysts are closely monitoring the market to assess the implications of this significant movement in ETH holdings.
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