On-Chain Analyst: Wallet 0x237…B6aAb Sends 2,900 ETH to Binance

Arkham reports a whale’s substantial ETH and LINK deposits to Binance, marking notable crypto asset movement worth over $11 million.

ETH
LINK

Summary

Arkham reported that a whale deposited 2,810 ETH valued at approximately $9.04 million and 204,504 LINK worth about $2.8 million into Binance on January 7. This follows previous activity from wallet 0x237…B6aAb, which had transferred 2,900 ETH worth $9.42 million to the exchange in recent days, totaling 5,900 ETH moved over the past week. The wallet still holds 20,081 ETH with $654,000 in unrealized profit, and selling recent deposits could yield about $707,000 in gains.

Terms & Concepts
  • On-chain analysis: Reviewing blockchain transaction data directly from the ledger.
  • Wallet address: A public identifier used to send and receive cryptocurrency.
  • Unrealized gain: Profit on holdings that have not yet been sold.