Investors deposited $2,21 billion worth of ETH on crypto exchanges in five weeks
Analysts at Santiment note that this is the steadiest increase in the number of currency on the platforms since May 2021
02.06.2022 - 11:40
562
2 min
0
What’s new? Over the previous five weeks, crypto investors transferred $2,21 billion in ETH to exchanges, representing around 1% of the cryptocurrency’s total volume. According to analytics firm Santiment, this is the steadiest increase in the number of Ethereum on platforms since May 2021.
📊 $2.21B worth of #Ethereum has moved back to exchanges over the past week after a long-term exodus of coins moving off of exchanges, dating back to August of 2020. This is the most sustained upswing in $ETH being moved back to exchanges since May, 2021. https://t.co/EPKbgVKxyT pic.twitter.com/UmuDg2wnEv— Santiment (@santimentfeed) June 2, 2022
More details about Ethereum. Like other major cryptocurrencies, ETH is currently in the bear market. As of June 2, 11:30 UTC, the asset is trading at $1825, down 5,43% over the past 24 hours (according to Binance). In May, fees on the network hit their low since July 2021, with the average fee per transaction standing at $2,54. Santiment noted that “historically, ETH prices rise after average transactions dip below $5.”
What happened before? Ethereum co-founder Vitalik Buterin reported that the blockchain’s merge from the Proof-of-Work (PoW) consensus algorithm to Proof-of-Stake (PoS) would take place in August 2022. He added that the date could be moved to September or October of that year if risks arise. The Ethereum team would merge PoW and PoS blockchains on the Ropsten testnet. One of the developers, Tim Beiko, said that the official release of the “Merge” upgrade is expected around June 8.
BitMEX co-founder Arthur Hayes believes ETH could break the $10 000 mark after switching to PoS.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$64 000
BTC
-4.72%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.19
XRP
-3.58%
-
Dogecoin
$0.089943
DOGE
-4.16%
-
TRON
$0.160134
TRX
-1.59%
-
Zcash
$604.34
ZEC
-2.12%
-
Cardano
$0.196481
ADA
-8.59%
-
Stellar XLM
$0.209444
XLM
-6.86%
-
Polkadot
$3.32
DOT
+5.27%