New Wallet Withdraws $2.29 Million in ONDO and ENA From Binance

OnchainLens reports a newly created address pulled over $4.3 million in UNI and ETH from Binance, highlighting a significant shift of assets away from the centralized exchange.

ETH

UNI

ONDO

113d ago

Summary

OnchainLens revealed that on August 20, a newly created wallet withdrew 234,083 UNI tokens worth $2.35 million and 485.77 ETH valued at $2 million from Binance. The combined $4.35 million outflow adds to recent large-scale withdrawals from the platform, potentially signaling changes in investor behavior or liquidity strategies.

Terms & Concepts

UNI: The governance token of the Uniswap decentralized exchange, allowing holders to participate in protocol governance decisions.
ETH: Ether, the native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and as a store of value.
Exchange Outflow: The movement of cryptocurrency from a centralized exchange to external wallets, often monitored as an indicator of market sentiment or investor behavior.