GSR Markets Deposits $2.83M in ENA Tokens to Binance Amid Major Crypto Transfers

Quick Summary:

Overview of GSR Markets’ Recent Crypto Transfers to Binance GSR Markets, a prominent crypto market maker, recently made a significant deposit of 8.589 million ENA tokens, valued at $2.83 million, into Binance.

For ENA, which may not have the same liquidity level as larger assets like ETH or SOL, this deposit could introduce new liquidity, encouraging trading activity and potentially impacting short-term price trends.

GSR’s deposits often serve as liquidity injections that enhance trading activity and price stability, especially for assets with lower liquidity.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: GSR Markets ENA Deposit Binance Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 13:44:31 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 886 words

Reading Time: 5 minutes read

Sentences: 42 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23432013

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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