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Crypto

Whale Withdraws $20M in ETH from Binance Amid Price Consolidation

Guavy AI Editorial Team
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A cryptocurrency whale identified by the blockchain address starting with 0xf23c has withdrawn $20.47 million in Ether (ETH) from Binance, extending a streak of significant outflows.

The transaction was flagged by on-chain analytics platform Lookonchain, which tracks large cryptocurrency transactions and wallet activities.

This latest withdrawal brings the total amount of ETH moved by this anonymous entity from Binance to 30,244 ETH, worth roughly $57.8 million, within a seven-day period.

The activity is seen as a signal of accumulation, where large holders move assets off an exchange to reduce supply and suggest long-term holding intentions.

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