Ethereum (ETH) Records Highest CEX Inflows In 2 Months

Ethereum (ETH) Records Highest CEX Inflows In 2 Months
Over the past week, Ethereum (ETH) registered the highest inflows into centralized exchanges (CEX) in the past two months. These significant asset movements have suggested a potential price dip for ETH. CoinGecko data shows that the second-largest cryptocurrency has been experiencing a slight price decline, losing 2.5% of its value in the past week. As of this writing, the Ether token changes hand at $1,892.65, with a negligible 0.2% gain in the last 24 hours. Related Reading: XDC Network Dominates Weekend Top 100 Roster With 50% Rally Ethereum Registers $383 Million Worth Of ETH In CEX Inflows According to data from IntoTheBlock, Ethereum witnessed the largest inflows into centralized exchanges in the past two months. The data analytics platform found that at least $383 million worth of ETH was deposited into these exchanges. IntoTheBlock also revealed that a significant percentage of the CEX inflows came from a single address and in a single transaction. This deposit came from an old wallet that accumulated 61,216 ETH during the Ethereum Initial Coin Offering (ICO). This pre-mine wallet had been dormant for eight years, with its constituent ..

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