Dormant Ethereum Moves 580 Million Dollars Without Impacting Market Price
A dormant supply of Ethereum worth 580 million dollars recently moved across the network without triggering a price decline.
A substantial movement of dormant Ethereum occurred across the network, involving an amount valued at approximately 580 million dollars, according to CryptoRank. Despite the significant scale of the transfer, the market price of the asset remained stable without experiencing a downward crash.
Dormant Supply Movement
Instant Telegram notifications for large on-chain moves.
The transaction involved long-inactive coins waking up and shifting to new destinations. Market observers closely monitor such sizeable movements from dormant addresses for potential selling pressure.
Key Facts
- 580 Million Dollars: The approximate value of the dormant Ethereum that moved.
- Price Impact: The transfer executed without crashing the asset price.
- Source: Data reported by CryptoRank.
Source: news.google.com
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