Ethereum (ETH) Whales To Decline As ETH Hits 19 Month Low

While the price of Ethereum sails to new highs, whales are dumping and the remaining HODLers are moving funds out of exchanges, presumably to offline wallets or to earn yields from decentralized finance protocols.

Approximately $560 million in Ethereum left crypto exchanges yesterday, according to on-chain analytics by Glassnode, sending the amount of ETH held on exchanges to a 19-month-low.

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