ETH WHALES ON THE MOVE: MAJOR WITHDRAWALS SPARK MARKET SPECULATION ๐๐
On-chain data reveals significant Ethereum (ETH) movements in the last 24 hours, suggesting a potential shift in strategy by major holders.
According to The Data Nerd, large withdrawals were made from centralized exchanges:
* An address identified as 0xE75 withdrew 17,591 ETH (approx. $81.48 million) from Coinbase.
* Galaxy Digital moved 37,808 ETH (approx. $172 million) from multiple exchanges.
These large-scale withdrawals from exchanges often indicate a long-term holding strategy rather than an intent to sell, which could be seen as a bullish signal for the market.
What do you think these whale moves signal for the future of ETH? ๐ฌ