Recent deposits of over 53,000 ETH into Binance signal increased trading activity among major Ethereum investors.
On August 4th, OnchainDataNerd reported that Ceffu deposited 23,321 ETH (approximately $82.64 million) into Binance, while Abraxas Capital deposited 30,600 ETH (around $106.9 million) into the exchange 18 hours earlier. These transactions highlight a surge in trading activity in the Ethereum market, totaling over 53,000 ETH deposited into Binance.