Ethereum Whale Withdraws Another $20.47M in ETH From Binance

A cryptocurrency whale identified as wallet 0xf23c withdrew 10,444 ETH, worth approximately $20.47 million, from Binance in a single transaction, according to on-chain data.

The move comes as Ethereum continues its recent advance, with the token up 19.5% over the past month and trading at $1,882.

The latest transfer brings the wallet’s total withdrawals from Binance over the past week to 30,244 ETH, valued at approximately $57.8 million, reflecting continued accumulation during Ethereum’s recent price strength. 

Large withdrawals from centralized exchanges often attract attention from market participants because they may signal that investors are moving assets into self-custody. However, the transactions alone do not indicate the holder’s future trading intentions.

Source: Lookonchain