Whale Moves $238M in ETH Off Binance Over Three Weeks, Data Shows

BitcoinWorld Whale Moves $238M in ETH Off Binance Over Three Weeks, Data Shows An anonymous cryptocurrency whale has withdrawn approximately $238 million worth of Ethereum (ETH) from Binance over the past three weeks, according to on-chain data tracked by Lookonchain.

The latest transaction, which occurred about 20 minutes before the data was reported, involved 30,000 ETH valued at $67.42 million.

These sizable outflows are often interpreted by market analysts as a signal of long-term holding intent, as tokens moved off exchanges are typically not intended for immediate sale.

Details of the Whale’s Accumulation Lookonchain’s data reveals that the whale has been steadily accumulating ETH, with the total withdrawals now reaching 120,000 ETH.