Big news in the world of cryptocurrency! A huge amount of Ethereum (ETH), a type of digital money, was recently moved out of online storage places called exchanges. This is a big deal because it might mean the price of Ethereum could go up.
- Lots of Ethereum, about 224,410 tokens, were taken off exchanges in just two days.
- This is the biggest move like this in almost two years.
- Big investors think Ethereum’s price will increase later.
- They are moving their Ethereum to safer places called cold storage to hold onto it for a longer time.
| Fact | Number |
|---|---|
| Amount of ETH moved | 224,410 |
| Time period | 2 days |
| Time since similar event | Almost 2 years |
The price of Bitcoin (another big cryptocurrency) might influence what happens to Ethereum’s price. If Bitcoin goes up, Ethereum might too!
