Whale Pulls $90.6 Million in ETH Out of Binance in Major Buy Activity
Main Idea
An Ethereum whale withdrew $90.6 million worth of ETH from Binance, increasing its total holdings to $260 million, signaling strong institutional interest and potential supply tightening.
Key Points
1. A large Ethereum address (0x3952...) moved 21,000 ETH ($90.6 million) from Binance in under 40 withdrawals.
2. The whale's total holdings now stand at 86,001 ETH, valued at approximately $260 million.
3. Consistent ETH outflows, including from spot ETH ETFs, suggest growing institutional investor activity.
4. Ethereum has outperformed Bitcoin in recent market performance, with bullish sentiment among large investors.
5. The withdrawal activity may reduce ETH supply on exchanges, potentially supporting further price increases.
Description
Mystery whale now holds about $260 million in Ethereum
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