Ethereum Whale Stakes 10,000 ETH Worth $18.6 Million Following Binance Withdrawal

A newly created cryptocurrency wallet, identified as 0xf23c, withdrew 10,000 ETH, worth approximately $18.6 million, from Binance and staked the entire amount, according to on-chain data.

The transaction comes as Ethereum extends its recent gains, signaling continued whale activity amid improving market sentiment.

Ethereum was trading at around $1,864 at the time of writing, up 4.2% over the past week and moving closer to $1,900.

Source: Lookonchain