Heavy Whales Move $27.4 Million in Ethereum From Binance

IconCryptoNewsTerminal Staff25 Aug, 2024

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Heavy Whales Move $27.4 Million in Ethereum From Binance

Three anonymous addresses withdrew a total of 9,950 ETH ($27.4 million) from Binance a few hours ago. One of the addresses, believed to be associated with crypto merchant bank Galaxy Digital, transferred 3,735 ETH ($10.23 million). Another address withdrew 2,215 ETH ($6.12 million), which was then staked on Etherpy. The reasons for these large withdrawals are unknown, but they could have a significant impact on the price of ETH if they continue.