Ethereum Price Jumps 18.5% Amid $121M Binance Withdrawals

Ethereum's price surged by 18.5% as three large Binance withdrawals totaling $121 million worth of ETH took place.

The largest withdrawal, from wallet 0x2d59, consisted of 30,000 ETH valued at $67.42 million, bringing the address's cumulative withdrawals from Binance over the past three weeks to 120,000 ETH, worth $237.7 million.

Abraxas Capital accounted for another significant withdrawal, taking out 18,000 ETH valued at $39.56 million from the exchange during the day.