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Though, the 24 hour trading volume for ETH is $1.5 Billion USD. So it won't affect the price as much as you'd think.
by ChrisClark 9y ago
Though, the 24 hour trading volume for ETH is $1.5 Billion USD. So it won't affect the price as much as you'd think.
- imron 9y ago$1.5 Billion, made up of many smaller transactions (~USD 15.5k on average according to this site [0]). A number of large transactions to convert that much ETH to USD, would significantly affect speculator confidence, triggering others to sell. 0: https://bitinfocharts.com/ethereum/ https://bitinfocharts.com/ethereum/