Massive ETH Whale Initiates Withdrawals from Binance, Holding Over $405M
Crypto whales are making significant moves, notably a large entity withdrawing nearly half a billion dollars’ worth of Ethereum (ETH) from crypto exchanges.
The entity, identified by blockchain tracking firm Lookonchain with an address starting with “0x4359,” withdrew 10,119 ETH ($31.85 million) from Binance and has amassed $405.19 million worth of ETH from DEXes and Binance since April 8th. Meanwhile, another entity sent 14,408 ETH ($45.745 million) to OKX, and Whale Alert uncovered a dormant wallet from an Ethereum ICO move 197 ETH ($622,685).
In a risky move, a whale attempted to leverage-long ETH after previous losses, withdrawing 8,249 ETH ($26.18 million) from Binance and borrowing 17.3 million USDT from Compound. Ethereum is currently trading at $3,222.
Clever Robot News Desk 23rd April 2024
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