A significant cryptocurrency investor, identified by the wallet address 0x3952, has withdrawn 6,000 Ethereum (ETH) from the Binance exchange. The transaction, valued at approximately $18.26 million, represents the latest move by this entity.
This withdrawal follows a substantially larger transaction executed by the same whale address three weeks prior. During that earlier event, the whale moved 50,255 ETH, worth roughly $113.85 million at the time, off the Binance platform. The average acquisition price for that initial large withdrawal was reported as $2,266 per ETH.
Based on current market valuations, the combined ETH holdings withdrawn by this whale now show substantial unrealized profits exceeding $38 million.
The consecutive large-scale withdrawals underscore sophisticated asset management strategies being employed by major holders. This activity also highlights ongoing liquidity movements involving Ethereum on leading centralized cryptocurrency exchanges.