The suspicious address belonging to HashKey Capital just sold 7,300 ETH at nearly 4,673 USD/ETH and withdrew 34.116 million USDT from Binance.
MAIN CONTENT
A suspicious address belonging to HashKey Capital last sold 7,300 ETH at a price of 4,673 USD each.
A total of over 31,300 ETH, equivalent to 124 million USD, has been transferred diversely through Binance, OKX, and Galaxy Digital since the end of July.
How much ETH has HashKey Capital sold, and what is the specific selling price?
The suspicious address of HashKey Capital sold 7,300 ETH at a price of 4,673 USD for each ETH on the night of August 13. This is a large transaction, with a selling price higher than the previous average of nearly 4,000 USD.
Selling at this price reflects the trend of ETH prices at a time when the digital asset market is still volatile. Selling a large amount of ETH can have a certain impact on liquidity and the price of ETH on exchanges.
Tracking large addresses like HashKey Capital helps investors grasp the movements of institutions, allowing them to adjust their investment strategies accordingly and manage risks more effectively.
What large transfers has this address made recently?
The total amount of ETH transferred by this address to liquidity exchanges including Binance, OKX, and Galaxy Digital reached 31,300 ETH, equivalent to about 124 million USD based on an average price of 3,966 USD/ETH.
The series of ETH transfers has been ongoing since July 28, demonstrating a significant asset coordination plan from the wallet owner. These transfers help increase liquidity presence on major exchanges.
Such large addresses often carry out large transactions to balance their investment portfolios or serve financial strategies, thus transfer data is an important indicator for the cryptocurrency market.
Transferring a large amount of ETH to exchanges reflects the active asset management strategy of institutional investors in a volatile cryptocurrency market.
Cryptocurrency market analyst, 2024
What does the withdrawal of 34.116 million USDT from Binance mean?
Withdrawing large amounts of USDT from Binance indicates cash flow adjustments or preparations for another large transaction, possibly for conversion or asset allocation for diversification purposes.
This withdrawal occurred just 3 hours before selling 7,300 ETH, confirming the owner's flexible and responsive capital management.
In the cryptocurrency market, moving stablecoins like USDT is often closely related to risk hedging strategies or timely liquidity preparation for large transactions.
How do large Ethereum transfer chains affect the market?
Large-scale ETH transactions continuously to exchanges can create selling pressure or temporary price adjustments in the market. The total value figures reach over 124 million USD according to data that helps investors understand the scale of the impact.
Institutions like HashKey Capital have a significant impact on liquidity and price volatility, thus monitoring these addresses is an effective approach to assess trends and behaviors of the institutional investor group.
Transparent information and tracking of large transfers help balance the need for information and reliability in an increasingly complex cryptocurrency market.
Frequently Asked Questions
How much ETH has the suspicious address of HashKey Capital sold?
Sold 7,300 ETH at approximately 4,673 USD each, creating the last recorded large transaction.
Which exchanges have received ETH from this address?
Binance, OKX, and Galaxy Digital are exchanges that have received a total of 31,300 ETH, equivalent to over 124 million USD.
What does the withdrawal of 34.116 million USDT mean?
This could be a capital preparation activity for the next transaction or diversification of the wallet owner's assets.
Why is tracking large transfers important?
Large transfers reflect institutional asset strategies, helping to predict volatility and adjust investment strategies.
How does selling a large amount of ETH affect the market?
This transaction could create temporary selling pressure, affecting liquidity and the price of ETH in the market.
Source: https://tintucbitcoin.com/hashkey-capital-ban-7-300-eth-thu-4-673-usd/
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