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TechFlow reported, citing Lucas Outumuro, Research Head at blockchain data analytics platform Into the Block, that as the likelihood of ETH ETF approval increases, whales are beginning to move. Ethereum mainnet transaction volume hit a monthly high of $8.8 billion yesterday, and this trend is expected to accelerate should the ETF be approved.
Lucas Outumuro, Head of Research at cryptocurrency market data platform Into the Block, said that as the likelihood of ETF approval increases, whales are starting to move, with Ethereum mainnet transaction volume hitting a monthly high of $8.8 billion yesterday. If the ETF is indeed approved, this trend is expected to accelerate.
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