Whale address withdraws 11,610 ETH from centralized exchanges in five hours

  • A new address beginning 0x487 withdrew 11,610 ETH from centralized exchanges.
  • 11,610 ETH was worth about $30.97 million at an average price of $2,667.46.
  • The withdrawals occurred within five hours on September 29.

A new crypto address beginning 0x487 withdrew 11,610 ETH worth about $30.97 million from centralized exchanges within five hours on Sept. 29, at an average price of $2,667.46, according to monitoring attributed to ai_9684xtpa. The address also shows an unrealized gain. Moving assets away from exchanges is typically viewed as evidence that a holder intends to retain them rather than sell immediately.

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