Ethereum Holders Begin Moving ETH Crypto to Exchanges Ahead of Merge
Whales on Ethereum are selling the news to be safe.

It has taken a while for Ethereum's (ETH-USD) Merge upgrade to occur. And if it hadn't had so many delays, the world may not be following its development with such keen interest. It seems that the public will get to witness the long-awaited Beacon Chain in September. Crypto whales also have similar thoughts. The biggest Ethereum holdings are preparing for some favorable price activity this week as the Merge upgrade happens – this time, for real.
There have been a total of six delays that have prevented the Merge from becoming live. Late in June, the last of these appeared. The upgrade's release date was projected to be in August by the developers due to this delay. Of course, that won't be the case as August progresses. The most of the time, things continue to go well. The last update to the test network was introduced by developers at the beginning of August. This test, known as the Goerli upgrade, grants permission for a primary network update.
Investors learned this week that the Merge's ultimate date will be decided upon very shortly. The last countdown for the Beacon Chain's integration with the real Ethereum network will begin on September 6 with the Bellatrix update. The update is currently anticipated to take place on September 15.
The Merge will be Ethereum's largest improvement since its hard split in 2017. And it is without a doubt the most eagerly awaited improvement ever. Many people are paying attention to this improvement given the rise of cryptocurrency in popular culture. Many large investors of ETH cryptocurrency are really happy about this.
Before the merger, Ethereum Whales are moving their cryptocurrency to exchanges.
Investors are arguing about price movement as the Ethereum upgrade draws nearer. Will ETH cryptocurrency prices soar? Will this cause Ethereum to "flip" with Bitcoin (BTC-USD)? Given that the Merge has been anticipated for a very long time, would they support it or will they remain neutral?
Some analysts do think that the ETH cryptocurrency is already valued before the Merge. They are referring to the Merge as a "sell the news" event with the hope that prices would drop after the update is finished. Others continue to believe that ETH will make a steady ascent higher due to its strengthened basic worth and growing usage, even if it may not immediately soar.
It would be wisest to observe what the whales are doing. These holders have invested the most money in the enterprise, after all.
Before the update, the cryptocurrency company Santiment is watching whale behavior and has identified a key pattern. The majority of the biggest wallets for Ethereum are transferring their cash to exchanges. Over the last three months, holdings in the top 10 biggest non-exchange wallets have fallen by 11%. These assets are being transferred to exchanges. In fact, during the same time period, ETH holdings in exchange wallets increased by 78%.
In fact, it seems that these whales do not hope for a rise on September 15. These holders are selling the news, which is consistent with some of the less positive views. The Merge is also not a one-time occurrence, as Coin Telegraph notes. The network will switch from proof-of-work to proof-of-stake after the upgrade on September 15. However, it will be months before there are any decreases in petrol prices or transaction times, at least.
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