Trend Research Withdraws 1,197 ETH from Binance Amid Ongoing Whale Sell-Off

A significant whale withdrew 18,000 ETH from Binance, raising concerns over liquidation, while Trend Research expands its holdings to 140,701 ETH.

ETH

Summary

On June 23, a major whale withdrew 18,000 ETH valued at $40.38 million from Binance, increasing their total holdings to 50,256 ETH worth approximately $112.62 million, with an unrealized loss of $2.24 million. This withdrawal follows a recent trend of significant movements among ETH holders, contrasting with Trend Research's recent withdrawal of 1,197 ETH, raising their total to 140,701 ETH valued at $356 million.

Terms & Concepts
  • ETH: Ethereum's native cryptocurrency, used for transactions and smart contracts on the Ethereum blockchain.
  • WETH: Wrapped Ether, a token that represents Ether (ETH) on the Ethereum blockchain, allowing it to be used in decentralized applications.
  • ICO: Initial Coin Offering, a fundraising method in which new cryptocurrencies sell their tokens to investors.