ETH whales cashing out to XMR? Record XMR/ETH Volume on Binance!
Interesting data. This pair has been bleeding for months and suddenly it rebounds with some SERIOUS volume! I haven't seen anything like this.
This is a great sign for Monero I think. A lot of people made a LOT of money off of Ethereum the past couple years. Naturally, when you make money your next goal (after the hookers/cocaine honeymoon period wears off) is to ensure wealth preservation and protection. In the cryptospace, there is no other asset focusing on user protection as much as monero.
I haven't traded any ETH for XMR (because I have very little ETH and I hold XMR already) but I will come back here to check in on this ratio perhaps.
This is a great sign for Monero I think. A lot of people made a LOT of money off of Ethereum the past couple years. Naturally, when you make money your next goal (after the hookers/cocaine honeymoon period wears off) is to ensure wealth preservation and protection. In the cryptospace, there is no other asset focusing on user protection as much as monero.
I haven't traded any ETH for XMR (because I have very little ETH and I hold XMR already) but I will come back here to check in on this ratio perhaps.
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look at the daily volume. the whale(s) not done yet. very very interesting.
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Monero season approaches.
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trend has been continuing all year - love to see it.