Ethereum (ETH) deposits on Binance crypto exchange are trending upwards, raising fears in the market that a major sell-off event may be looming. However, institutional interest toward the network remains positive as JPMorgan launched its second tokenized money market fund on the Ethereum blockchain.
Binance data shows record Ethereum deposits
Fresh data from leading crypto trading platform Binance shows that ETH deposits on the exchange have reached their highest level since at least 2025. The Ethereum Exchange Depositing Addresses (Binance) chart below confirms this.
The chart shows a vertical spike that suggests ETH deposits on Binance reaching as high as 9,000 ETH depositing addresses. Notably, this is the highest level seen in over a year, and far greater than the minor peaks seen in late 2025 on Binance.
Another chart shared below, which tracks the Ethereum Exchange Inflow (Total) on Binance exchange shows multiple tall green bars. This confirms that there is still some selling pressure as ETH trades in the mid $2,000 range.
The aforementioned data from Binance begs the question, whether the current market stance toward ETH is that of panic selling or profit taking. Typically, a sharp increase in deposit addresses usually shows that retail investors are in fear or running out of patience as ETH prices recover steadily.
Overall, the current market is focusing heavily on inflation indices and the U.S. Federal Reserve’s moves. As a result, the appetite for risk-on assets like ETH has dwindled, forcing investors to seek refuge in more stable assets like gold.
JPMorgan launches money market fund on Ethereum
In stark contrast to the pessimism shown through Binance exchange data discussed above, institutions appear significantly more bullish on Ethereum long-term. For example, JPMorgan has launched its second tokenized money market fund on the Ethereum blockchain.
The Wall Street firm filed paperwork for the JPMorgan OnChain Liquidity-Token Money Market Fund, with the ticker JLTXX.
Importantly, the proposed fund will comprise investor shares in a portfolio backed by the U.S. Treasuries and repurchase agreements. That said, Ethereum price is yet to show any meaningful positive price reaction to the development.
