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Whales Accumulate Ethereum: $158.5 Million Purchase from Major Players!
1 minute ago

As the price of Ethereum (ETH) fluctuates, it has caught attention that large investors withdrew a total of $158.5 million worth of ETH from Binance and Kraken.
While significant movement continues in the cryptocurrency market, it has been observed that Ethereum (ETH) whales are withdrawing large amounts of ETH from exchanges. According to recent data, large-scale investors are continuing to accumulate Ethereum, increasing their expectations that the market will rise.
According to on-chain analysis platform Lookonchain, a whale with the wallet address 0xc097 withdrew a total of 13,037 ETH ($35.5 million) from Binance in the last 24 hours. Additionally, the cryptocurrency investment fund Abraxas Capital executed a total withdrawal of 44,612 ETH ($123 million) from Binance and Kraken in the last 14 hours.
Withdrawals of Ethereum of this magnitude are generally interpreted as a strong signal that investors believe the ETH price will rise in the short term. The increase in the amount of ETH transferred from exchanges to wallets is seen as an indication that selling pressure may decrease and that investors have decided to hold Ethereum long-term.
The recent price movements of Ethereum and the actions of the whales seem to continue to stay on the radar of cryptocurrency investors.
