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Data: Ethereum Outflows From Exchanges Peak in 2022

By WebsCryptoMarch 19, 20221 Min Read
Data: Ethereum Outflows From Exchanges Peak in 2022
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According to IntoTheBlock data, 180,000 ETH was withdrawn from exchanges on Tuesday. The company tweeted that the figure was the highest outflow of ETH from exchanges since October. Before the outflow of ETH, its price increased by 15% in 10 days, and increased by 17% in the week after the outflow.

Additionally, IntoTheBlock noted that around 190,000 ETH was deposited for staking using Lido, a service that lets users stake various assets on other chains, including Ethereum 2.0. There are now over 10,000,000 ETH staked on the ETH 2.0 deposit contract, which equates to over $27 billion worth of stakes.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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