An anonymous Ethereum whale address starting with 0xC1C withdrew $8.07 million worth of ETH from Binance about four hours before the report and deposited the funds into Aave, a decentralized lending protocol. The address has accumulated 12,134.13 ETH worth about $32.41 million since Sept. 2, at an estimated average entry price of $2,671.25. Exchange withdrawals are typically viewed as an indication of holding intent. ETH was recently trading at $2,705.51, up 0.67%, according to CoinMarketCap. The activity was identified by on-chain analyst ai_9684xtpa.