Metapha Deposited $23.45 Million Worth of ETH to Binance

IconCryptoNewsTerminal Staff09 Sep, 2024

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Metapha Deposited $23.45 Million Worth of ETH to Binance

Metapha, a Hong Kong digital asset management company, deposited 10,000 ETH (approximately $23.45 million) to Binance 15 minutes ago, according to Lookonchain. This latest transaction adds to the company's recent ETH acquisitions, totaling 33,589 ETH ($77.55 million) over the past four days. Currently, the address holds 51,300 ETH, valued at $120 million. Metapha's substantial ETH deposits have sparked speculation about the company's investment strategies and the potential impact on the cryptocurrency market.