News12 August 2022

Ethereum 2.0 deposit contract exceeds 13.2 million ETH

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ETH broke through the $1,900 per token yesterday, while the deposit contract approached 13.3 million ETH.

Of the top 10 most popular cryptocurrencies, Ethereum took the top spot for growth over the past week, pushing its quotations up by as much as 13%. One cannot ignore that this is happening in the context of the upcoming hard fork.

If we look at the exact numbers, EtherScan tells us about 13.29 million Ethers on the ETH 2.0 deposit contract. That's a record at the moment. 

"After Ethereum's final merger with the test network on Thursday, prices briefly jumped above $1,900. Developers have confirmed that the long-awaited ETH update will take place on 15 or 16 September. The social volume will dictate price volatility in the run-up to this event," blockchain analyst Santiment.

Whale transactions with ETH have jumped sharply in the last 24 hours. The latest data released by Whale Alert shows that a significant crypto address transferred 20,000 Ethereum worth over $38m from Huobi to Binance on Friday, 12 August.

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