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ETH whale withdraws 49,400 ETH and 250 WBTC from Binance since June 30

ETH whale withdraws 49,400 ETH and 250 WBTC from Binance since June 30

The wallet has kept accumulating since late June, with tracked withdrawals including 49,400 ETH and 250 WBTC from Binance and unrealized profit estimated at $4.755 million based on average entry prices cited by analysts.

ETH
WBTC

Fact Check
The primary source, a Lookonchain X post, confirms whale 0x2684 withdrew 49,407 ETH and 250 WBTC from Binance since June 30. The claim's '49,400 ETH' is a rounded version of this exact figure, and the 250 WBTC matches precisely. Multiple independent aggregators (Odaily, BlockBeats) reproduce the same numbers. The $4.755M unrealized profit figure is corroborated by Odaily/PANews reports citing analyst Ai_9684xtpa's average entry prices. All key facts in the claim are supported.
Summary

A large crypto holder has continued accumulating ETH and WBTC by withdrawing assets from Binance, with Lookonchain reporting total withdrawals of 49,400 ETH worth about $84.3 million and 250 WBTC worth about $15.66 million since June 30. PANews, citing on-chain analyst Ai Yi on July 11, reported that the wallet had accumulated 44,459.23 ETH and 250 WBTC, including another 9,883 ETH withdrawn about eight hours before that report, with average withdrawal prices of $1,692.83 for ETH and $62,628 for WBTC. Based on those average entry levels, the position was showing an unrealized profit of $4.755 million. Large exchange outflows are often monitored as a sign that a holder may be moving assets into self-custody rather than preparing them for near-term sale.

Terms & Concepts
  • WBTC: Wrapped Bitcoin, a Bitcoin-backed token on other blockchains, including Ethereum.
  • unrealized profit: Paper gains on holdings that have not been sold.
  • self-custody: Holding crypto assets in personal wallets rather than on an exchange.