ETH whales cashing out to XMR? Record XMR/ETH Volume on Binance!
Updated
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.
Note
look at the daily volume. the whale(s) not done yet. very very interesting.Note
Monero season approaches.Note
trend has been continuing all year - love to see it.
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