The movement involved 80,000 Ether (ETH) and was valued at about $194 million, with Binance as its source and Ethereum’s Beacon deposit contract as its destination.
Ethereum says the Beacon deposit contract accepts Ether for those seeking to stake as validators.
Mixed signals across crypto markets coincided with subdued trading volume. Traders watched for further large Ether transfers and shifts in trading volume, which may offer clues about market sentiment and trading behavior.
EconoTimes previously covered two Oct. 20 transfers totaling 49,088 ETH into the same contract. The Binance transaction moved a larger amount.
