Back

New Wallet Withdraws $41 Million in ETH from Binance

A freshly created wallet has moved 10,009 ETH from Binance, valued at $41 million, according to On-chain data.

ETH

Summary

A newly created wallet withdrew 10,009 ETH, valued at approximately $41 million, from Binance, based on On-chain Lens data. This withdrawal occurred shortly after the wallet's creation, highlighting significant Ethereum movement off the exchange.

Terms & Concepts
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.
  • On-chain data: Information recorded directly on a blockchain network, reflecting transparent and verifiable transaction activity.
  • Wallet: A digital tool that stores cryptocurrency keys and enables sending, receiving, and managing blockchain assets.