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Major Whale Transfers 26,000 ETH Worth $74 Million to Centralized Exchange

A whale address has made a significant withdrawal of 6,000 ETH, adding to its previous substantial withdrawals and unrealized gains.

ETH

Summary

A whale address recently withdrew 6,000 ETH, approximately $18.26 million, from Binance. This address had previously withdrawn a total of 50,255 ETH worth about $113.85 million three weeks ago and now holds over $38 million in unrealized gains.

Terms & Concepts
  • ETH: Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, used for transactions and smart contracts.
  • Binance: Binance is one of the largest cryptocurrency exchanges in the world, allowing users to trade a wide range of cryptocurrencies.
  • Whale: A whale refers to an individual or entity that holds a large amount of cryptocurrency, often influencing market movements.