Ethereum merge to Proof-of-stake is approaching and it’s less than 16 Hours Left for one of the Biggest Event in Crypto World. Ethereum is currently trading at $1590 during writing with funding reaching -2010%. During the much anticipated Ethereum Merge, the Ethereum network will make the transition from its current Proof-of-Work (PoW) consensus technique to the Proof-of-Stake (PoS) method, which is 99% more energy efficient than PoW.
Exchanges Inflowing Rising Amid Merge
Ethereum which has been in the works for quite some time, will be live tomorrow. In addition, the event has garnered a significant amount of interest not just inside the bitcoin industry but also outside of it.
In the last Few Hours, there has been more than 100,000 ETH flowing into Centralized exchanges i.e Binance, FTX, Coinbase Etc.
6,500 #ETH (10,316,158 USD) transferred from unknown wallet to #Binance - Link
🚨 🚨 17,000 #ETH (27,294,167 USD) transferred from #Bitfinex to #Binance - Link
🚨 🚨 20,000 #ETH (31,985,267 USD) transferred from unknown wallet to #FTX – Link
🚨 11,530 #ETH (18,680,001 USD) transferred from unknown wallet to #BigONE – Link
In the last 24 hours, a substantial sum of Ethereum was transferred without going via an exchange. These inflows might indicate that a dump would occur immediately after the merge Event, as the majority expects.
