New Wallet Withdraws $15 Million in ETH from Binance

Blockchain tracker Lookonchain reports that a newly created address withdrew 5,000 ETH worth $15.04 million from Binance in a large single transaction within four hours.

ETH

Summary

On November 20, Lookonchain identified that a newly created wallet, 0x499f, withdrew 5,000 ETH valued at approximately $15.04 million from Binance within four hours. The sizable transfer from the exchange to an external wallet adds to a series of recent large-scale Ethereum transactions tracked on-chain.

Terms & Concepts
  • ETH (Ethereum): A leading blockchain platform supporting smart contracts and decentralized applications.
  • Wallet Address: A unique identifier used to store and manage cryptocurrency holdings.
  • Binance: A major global cryptocurrency exchange offering trading and digital asset services.