Ethereum is down 13.6% this month and could be on track for its weakest October since 2018, with ETH last quoted at $2,328.57. Data cited in the report shows that U.S. spot Ethereum ETFs recorded net outflows of about $1.35 billion for the month as of Oct. 28 UTC. On-chain activity also drew attention during the period. Between Oct. 5 and Oct. 29 UTC, more than 10 long-dormant wallets moved a combined roughly 56,000 ETH, valued at more than $140 million, with the largest single transfer involving 13,330 ETH sent to Coinbase. On Oct. 29 UTC, address 0x6D30, which had been inactive for three years, transferred 2,119 ETH to Coinbase. The report also said wallets linked to the Ethereum Foundation moved about 14,770 ETH over three days. The figures were cited by Techub News, referencing BeInCrypto.
Ethereum has fallen 13.6% this month and could post its weakest October since 2018, according to Techub News. ETH was quoted at $2,328.57.
As of Oct. 28 UTC, U.S. spot Ethereum exchange-traded funds had seen about $1.35 billion in net outflows for the month.
On-chain transfers draw attention
On-chain data cited in the report showed that from Oct. 5 to Oct. 29 UTC, more than 10 long-dormant wallets transferred a combined roughly 56,000 ETH, worth more than $140 million. The largest single transfer involved 13,330 ETH sent to Coinbase.
On Oct. 29 UTC, address 0x6D30, which had been inactive for three years, moved 2,119 ETH to Coinbase. Wallets linked to the Ethereum Foundation also transferred about 14,770 ETH over three days.
The report cited BeInCrypto.
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