Aug 23, 11:48 AM

Matrixport Wallets Shift $452 Million in Ether to Exchanges, Pull Out Bitcoin

Wallets identified by on-chain analysts as belonging to crypto-services firm Matrixport transferred 95,873 ether, valued at about $452 million, to the Binance and OKX exchanges in roughly a three-hour window on 23 Aug. The unusually large deposits were flagged by several blockchain-tracking services. Subsequent data show the same group of wallets withdrew 2,354.6 bitcoin—worth about $272 million—from the two exchanges, suggesting the entity may be rotating holdings from ether into bitcoin. The sequence of transactions has stirred speculation among traders about Matrixport’s short-term market view and the potential impact on Ethereum liquidity.

#Matrixport #Binance #OKX #Ethereum

Written with ChatGPT .