According to Lookonchain, Amber Group and Metalpha moved a combined $28.2 million in ETH from Binance within hours, reflecting substantial institutional asset flows.
Amber Group withdrew 6,000 ETH worth $18.8 million from Binance two hours ago, while Metalpha withdrew 3,000 ETH valued at $9.4 million three hours ago, according to blockchain data from Lookonchain. The combined withdrawals totaled 9,000 ETH, worth about $28.2 million, marking significant on-chain movement by institutional players.