Whale Wallet Withdraws $39.98M in ETH From Binance
Onchain Lens tracked multiple whale ETH movements on January 14, including a $39.98M Binance withdrawal and a separate dormant account transfer to HTX showing an unrealized loss.
ETH
Summary
On January 14, Onchain Lens reported that a whale transferred 12,000 ETH worth $39.98 million from Binance, raising its holdings to 80,980 ETH valued around $269.46 million. Separately, another whale moved 2,015 ETH valued at $6.67 million to HTX after three months of inactivity. This second whale initially spent $8.73 million acquiring the ETH, indicating a current unrealized loss of approximately $2.04 million.
Terms & Concepts
- Whale Wallet: A cryptocurrency wallet holding large amounts of digital assets, often capable of influencing market movements.
- ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contract execution, and decentralized applications.