Recent on-chain data highlights significant market moves as one whale withdraws $40 million in ETH while another recovers from a multi-million dollar drawdown.
Lookonchain reported that whale address "0x28eF" withdrew 19,820 ETH worth $40.14 million from Binance and OKX, continuing an accumulation trend that previously involved a $126 million purchase. Separately, Onchain Lens observed that whale "0x6C8" recovered from a $3.5 million unrealized loss to profit on a 20x leveraged ETH position valued at nearly $94 million.