Whales Are Sending Their ETH to Crypto Exchanges

The Ethereum network will be updated next month. The update involved the use of the Merge fork to complete the transition from Proof of Work to Proof of Stake.

It is important to remember that the performance and transaction fees will remain the same as they are now.

The price of Ether has increased significantly over the past weeks, while OTC holdings of ETH whales has fallen by 11%.

The volume of cryptocurrency on exchanges, on the contrary, has increased by 78% over the past three months.

Experts believe that after the activation of the Merge fork, which is scheduled for September 15, the value of Ether will fall to $1,300.