Metalpha Wallet Transfers $20.9 Million ETH to Binance

A wallet linked to the investment firm Metalpha transferred 5,000 Ether ($20.9 million) to Binance in a significant move that has caught market attention. This transaction comes at a time when Ethereum’s price is navigating key support and resistance levels. 5,000 ETH sent to Binance, totaling approximately $20.91 million, underscores the impact of large-scale investments on the cryptocurrency landscape. The reasons behind this transfer remain unclear, but it highlights the growing influence of institutional investors in crypto markets.