New Wallet Pulls $115M in Ethereum from WhiteBIT Exchange

Blockchain analytics tracker Lookonchain notes 55,483 ETH withdrawn from WhiteBIT by a newly created wallet in two days, underscoring significant market movement.

ETH

Summary

Blockchain analytics firm Lookonchain reported that a newly created wallet withdrew 55,483 Ethereum (ETH), valued at approximately $115.16 million, from the centralized exchange WhiteBIT over the past two days. The transactions, occurring in early February 2025, represent notable on-chain activity and suggest strategic asset movement by a single entity.

Terms & Concepts
  • Ethereum (ETH): A decentralized blockchain platform enabling smart contracts and decentralized applications; ETH is its native cryptocurrency.
  • WhiteBIT: A centralized cryptocurrency exchange offering trading, deposit, and withdrawal services for various digital assets.
  • Blockchain Analytics: The process of examining blockchain transaction data to detect patterns, trends, or irregular activities.