Whale Address Withdraws $98.59M in Ethereum from Binance

Whale Address Withdraws $98.59M in Ethereum from Binance

A major crypto whale acquired over 2,100 BTC in the past year, recently moving part to Binance while retaining significant ETH and BTC holdings worth $139M.

BTC
ETH

Fact Check
The statement is strongly supported by multiple, consistent, and relevant sources. A primary source type, an on-chain analytics platform (@lookonchain), confirms that this type of transaction monitoring is its specialty. More importantly, several crypto-focused news outlets and market reports (Blockchain.news, Phemex, and two reports from BBX) directly and explicitly corroborate the key details of the claim: the withdrawal of 28,262 ETH, its value of approximately $98.59 million, and the fact that it originated from the Binance exchange. The consistency of these specific figures across different publications significantly increases the likelihood of the statement's accuracy. There is no conflicting evidence among the provided sources. Several other sources were deemed irrelevant as they either discussed different topics (general market outflows, other cryptocurrencies) or provided tools (price charts, converters) that could not verify a specific transaction. The cumulative weight of the directly relevant and authoritative evidence makes the statement highly probable.
Summary

Between February 2024 and February 2025, two cryptocurrency addresses acquired 2,189.23 BTC at an average price of $66,169.48, spending a total of $144 million. One of these addresses transferred 250 BTC to Binance, potentially realizing gains of about $6.28 million. The whale continues to hold substantial reserves of 30,578 ETH and 500 BTC valued at around $139 million, indicating significant retained cryptocurrency assets despite the recent exchange deposit.

Terms & Concepts
  • Whale: An individual or entity holding large volumes of cryptocurrency, capable of influencing market prices through significant transactions.
  • Ethereum (ETH): A decentralized blockchain platform featuring smart contract functionality, with its native cryptocurrency used for transactions and computational services.
  • BTC (Bitcoin): The first and most widely recognized cryptocurrency, operating on a decentralized peer-to-peer network without a central authority.