Investors sent the largest volume of ether to exchanges in six months

Developers successfully activated the Merge fork today. The network upgraded without any problems and switched to the PoS consensus, the team said in a statement.
In the run-up to this event, the inflow of ether (ETH) to cryptocurrency exchanges increased sharply. In total, investors sent up to $1.2 billion worth of ETH to exchanges – the maximum inflow to exchange wallets in the last six months, Nansen CEO Alex Svanevik said.
His team found that one address transferred 450,000 ETH worth up to $720 million to Binance. Investors sent 288,442 ETH worth $490 million to the Bittrex exchange.

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