Ethereum Bulls on the Rise: Massive $92M ETH Outflow from Binance Signals Optimism, Says Lookonchain
Several prominent crypto whales have recently made significant Ethereum (ETH) purchases, signaling a potential shift towards bullish sentiment for the second-largest cryptocurrency by market cap.
Lookonchain, a crypto tracker, highlights notable transactions: one whale, possibly linked to Tron founder Justin Sun, withdrew 4,666 ETH ($14.91 million) from Binance on Monday, adding to its existing holdings of 132,054 ETH ($420 million) since April 8th. Another whale withdrew 7,182 ETH ($23.06 million) on the same day, while a third withdrew 11,892 ETH ($37.77 million) and engaged in Ethereum lending and borrowing activities.
A fourth whale withdrew 5,181 ETH ($16.28 million) and participated in staking through protocols like Bedrock and Pendle. Ethereum’s current price sits at $3,215, reflecting a 4% increase over the past week but a 7% decrease over the past month.
Clever Robot News Desk 25th April 2024
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