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Massive Ethereum Withdrawals from Binance and Kraken Totaling Over $158 Million

Abraxas Capital's recent withdrawal of 44,612 ETH and another whale's 13,037 ETH from Binance highlight significant market activity and potential shifts in trading strategies.

ETH

Summary

In the past 24 hours, Abraxas Capital withdrew 44,612 ETH, valued at approximately $123 million, from Binance and Kraken, while another whale extracted 13,037 ETH worth around $35.5 million from Binance. This activity underscores heightened trading momentum in the Ethereum market.

Terms & Concepts
  • ETH: Ethereum, a decentralized blockchain platform that enables smart contracts and decentralized applications.
  • Binance: A leading cryptocurrency exchange platform where users can trade a wide variety of digital assets.
  • Kraken: A prominent cryptocurrency exchange known for its security features and wide range of available cryptocurrencies.