Ethereum Whale Withdraws $1.7M from Binance Amid $150M Exchange Exodus

A significant withdrawal of Ethereum (ETH) from major exchanges has been observed in recent days. According to Lookonchain monitoring, an anonymous giant whale address withdrew 10,000 ETH from Binance, valued at approximately $1.73 million. This follows a total of 86,520 ETH (about $150 million) withdrawn from Binance and Kraken by three new wallets over the past week.

The largest withdrawal came from the address starting with 0x5bA3, which extracted 35,860 ETH from Binance and transferred it to the contract address. The addresses starting with 0x7c82 and 0x2c74 also made significant withdrawals of 27,000 ETH and 23,660 ETH from Binance and Kraken, respectively.