Wallet 0x1fc7 just withdrew 1,888 ETH (~4.56 million USD) from Binance and staked it immediately.
📌 Noteworthy:
A week prior, this wallet also purchased & staked 3,201 ETH (~8.1 million USD). This is clearly a serious accumulation chain.
📈 Market implications:
No selling pressure created: ETH is not being pushed onto the market, but is being sent straight to a cold wallet for staking.
Bullish signal: Whales are expecting long-term price increases while optimizing staking returns (~3.2% APR).
Capital is still flowing into ETH: On the same day, the organization SharpLink Gaming also bought 1,989 ETH (~4.82 million USD) through OTC.
🌍 Broader context:
Ethereum ETFs in the US continue to attract steady inflows.
~35 million ETH is being staked, accounting for ~29% of total supply – circulating supply is increasingly limited.
✅ Summary:
Withdrawing 1,888 $ETH from Binance is not a sell-off signal, but evidence of long-term confidence in Ethereum.
