**Zircuit Staking Whale: Massive ETH Deposit on Binance**

IconCryptoNewsTerminal Staff16 Jul, 2024

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**Zircuit Staking Whale: Massive ETH Deposit on Binance**

Whale Activity on the Zircuit Network On-chain analyst, ai_9684xtpa, has identified a major transaction involving a significant Zircuit whale. The 4th largest whale on the Zircuit network recently withdrew 11,966 ETH (approximately $40.16 million) from Lenzoo. Notably, within the last hour, the same whale has deposited 4,966 ETH to Binance. Accumulation and Staking This whale has been actively accumulating Zircuit since December 10, 2023, acquiring 63,837 ETH at an average price of $3,018. As of May 28, 2024, the whale's current balance stands at 54,876 ETH, with an estimated $100 million worth of ETH staked on the Zircuit network. Market Implications The whale's actions suggest continued confidence in the Zircuit ecosystem. The movement of ETH to Binance could indicate potential trading activity or further accumulation. Zircuit's staking program offers attractive rewards, incentivizing whales to hold and stake their tokens. This whale's activity is a reminder of the growing interest in Zircuit and the potential for significant market movements based on the actions of major stakeholders.

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