A wallet potentially linked to crypto lender Nexo has deposited over 101,000 ETH, valued at approximately $380 million, into Binance since December 2. The average transaction price for these Ethereum deposits has been around $3,737. The whale wallet associated with Nexo has drawn attention within the cryptocurrency community, especially with a recent transaction of 18,000 ETH ($70.8 million) that was unstaked just before being sent to Binance. Another wallet, possibly tied to Nexo, deposited 15,650 ETH ($57.3 million) to Binance in the past hour. These substantial deposits have raised speculation about Nexo's intentions, with some suggesting potential selling activity that could add downward pressure on Ethereum's price. The market is closely monitoring the situation and the implications for Ethereum's price movements.



Other News from Today