Binance-Linked Address Withdraws 1,501 ETH After Market Drop
Ethereum whale address 0x746...D4561 restarts trading activity, potentially profiting $4.76 million from 2,500 ETH deposit while retaining 2,625 ETH.
ETH
Fact Check
Multiple sources (ainvest.com, blockchain.news) directly and consistently corroborate that a withdrawal of 1,501 ETH from Binance occurred. The reports are specific, mentioning the exact amount of ETH and its approximate dollar value ($7.16 million). These sources also explicitly place the event in the context of a market dip or decline. The corroboration among the reliable sources is strong, while conflicting evidence comes from sources with apparent data errors, such as future publication dates, making them unreliable.
- Reference: 1
Summary
Ethereum whale address 0x746...D4561, which withdrew 14,001 ETH from Binance in June at an average price of $2,563, resumed trading by transferring 2,500 ETH to an exchange. If sold, this transaction could yield an estimated $4.76 million profit. The wallet currently holds 2,625 ETH.
Terms & Concepts
- ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.
- Ethereum Whale: A term describing an individual or entity holding a large amount of Ethereum, whose trades can significantly influence the market.