ETH transactions hit year high, $2.7B BTC whale meltdown: August in charts

Bitcoin is sluggish at the end of the month, but that didn’t stop Strategy and Metaplanet from buying over 5,000 BTC in August.

The Ethereum network is seeing bullish signals, with the network recording a year high of 1.8 million transactions this month. More Ether is being locked into the network as American regulators issue guidance and definitions for staking. 

Bitcoin (BTC) is in a slump, meanwhile, with the currency trading down over 5% over the last 30 days. A $2.7-billion whale trade sparked a flash crash on Aug. 24.

Bitcoin treasury countries continue to issue debt to fund their major Bitcoin purchases. In August, Strategy and Metaplanet picked up 5,370 BTC between the two of them.

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