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ETH Suddenly Moved in Large Amounts! This New Network Has Siphoned Nearly $100 Million in a Week
$ETH
Recently, on-chain ETH flows have shown a noteworthy change. Over the past week, large amounts of ETH have been bridged from the Ethereum mainnet to Robinhood Chain, with a total value already approaching $100 million.
Simply put, Robinhood Chain uses ETH as its native Gas token. To interact on it and pay fees, users need to use ETH. Therefore, continued inflows of funds also bring about real demand for ETH.
That means this is not just a routine transfer of capital—it may signal that ETH has gained another new demand scenario.