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Ethereum, the second-largest cryptocurrency by market cap, experienced a significant $181 million outflow from exchanges this past Wednesday<\/p>\n<\/div>\n<\/div>\n
Ethereum<\/a> experienced an outflow of approximately 110,000 ETH ($181 million) from exchanges this past Wednesday.\u00a0<\/p>\n This notable movement marked the largest outflow since Aug. 21, according to data analytics provider Santiment.\u00a0<\/p>\n The current non-exchange Ethereum stands impressively at an all-time high of 115.88M ETH. Simultaneously, the amount of Ethereum available on exchanges has dropped to its lowest in approximately 5.5 years.<\/p>\n As reported by U.Today<\/a>, a slew of Ethereum ETFs debuted with extremely low volumes, attracting ridicule from industry observers. \u00a0<\/p>\n K33’s senior analysts recently poured cold water on demand for the chief altcoin, stating that the launch of Ethereum futures ETFs<\/a> had not met the expected enthusiasm. Traders at the CME attempted to front-run the ETF’s launch, but their efforts were in vain due to the lackluster debut of the ETFs.\u00a0<\/p>\n Data from CoinGecko<\/a> shows Ethereum’s current price standing at $1,635.85 after a subtle decline of 0.5% within a 24-hour span. This decline translates to a 1.1% decrease against BTC<\/a>.\u00a0<\/p>\n The 24-hour trading range for Ethereum fluctuated between $1,631.65 and $1,654.45, with a market cap reported at approximately $196.7 billion. The 24-hour trading volume for the cryptocurrency stood at around $7.3 billion.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Alex Dovbnya Ethereum, the second-largest cryptocurrency by market cap, experienced a significant $181 million outflow from exchanges this past Wednesday Ethereum experienced an outflow of approximately 110,000 ETH ($181 million) from exchanges this past Wednesday.\u00a0 This notable movement marked the largest outflow since Aug. 21, according to data analytics provider Santiment.\u00a0 The current non-exchange Ethereum […]<\/p>\n","protected":false},"author":2,"featured_media":169218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-169217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=169217"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169217\/revisions"}],"predecessor-version":[{"id":169219,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169217\/revisions\/169219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/169218"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=169217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=169217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=169217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}No demand for ETH trading?\u00a0<\/h2>\n
Ethereum sees a slight price dip \u00a0<\/h2>\n