Ethereum (ETH) transactions by the global fintech firm Elwood have caught the attention of the cryptocurrency market. These large transfers have led to a wave of speculation about the firm’s strategic intentions and the potential market implications. As Ethereum’s price edges closer to $3,100, Elwood’s activities are closely scrutinized.
Details of Elwood’s Ethereum Transactions
Blockchain analytics platform Look on chain has provided data showing that Elwood deposited 26,811 ETH, worth approximately $83.17 million, into the cryptocurrency exchange Binance over the past few days.·
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