Ethereum Whale Pulls $90.6M From Binance in Aggressive Accumulation Move
Ethereum whales aren’t slowing down. With ETH pushing multi-month highs, large holders have been steadily loading up — and today’s activity is another big splash.
On-chain data from Lookonchain shows a whale wallet (0x3952…) withdrew 21,000 ETH — worth about $90.6 million — from Binance in under 40 minutes on Aug. 12. Such exchange-to-wallet transfers typically signal major buy activity, hinting at accumulation rather than selling.
This latest haul boosts the whale’s total stash to 86,001 ETH (around $260 million at current prices).
Institutional Appetite Surges
Ethereum’s recent momentum is being fueled not just by whales but also by institutional flows. Spot ETH ETFs have seen multiple consecutive days of inflows, contributing to ETH’s position as the second-best monthly gainer, per Glassnode data.
While Bitcoin’s monthly returns have been steady, ETH has outpaced the market leader — a sign that big players may be tilting their bets toward the second-largest crypto by market cap.
Bullish Pressure Builds
Retail selling pressure appears to be no match for this sustained accumulation. With ETH recently retesting its $4,509 high, the relentless withdrawals from exchanges could tighten supply and potentially drive the next leg of the
