Cryptocurrency News

ETH whales move holdings onto exchanges before Merge

2022.08.25 16:06

ETH whales move holdings onto exchanges before Merge
ETH whales move holdings onto exchanges before Merge

Ethereum blockchain is slated for one of the biggest updates since its inception, as it will transition to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one.

The Merge date is scheduled for Sept. 15, after the successful Goerli test net integration — the final test net merger before the actual transition. Ether (ETH), the native token, was on a bullish surge after the announcement of the Merge date in July with the ETH price rising to a new six-month high of over $2,000 but failed to consolidate the critical resistance.

Source

Related Articles

Leave a Reply

Back to top button