👀👀Ethereum Whale Didn't Miss the Opportunity When the Market Recovered: He Invested $28.4 Million👀👀
Following the recovery in the crypto market, Ethereum (ETH) whales' activity increased.
According to data shared by on-chain data analyst Lookonchain, four new wallets (probably belonging to the same whale) withdrew a total of 8,440 ETH (approximately $28.43 million) from Binance in the last 30 minutes.
The wallet addresses from which withdrawals were made are as follows:
0xa7c8823c2d8CAF8C86F1F572Ac6902964c109bb40xf2500B6014dfe916B8e7706434e21B5FB2191A150x38b866814f278eB1b18f8E2e64612201633A83280x863a33C2df6735EE50647A07a895885cd5FdcA0E
It is thought that these addresses may belong to a whale, as large volume transactions are usually carried out by institutional investors or large individual investors.
Ethereum Recovers
Along with the recovery in the crypto market, an increase in the price of Ethereum is also observed. The fact that whales have started to accumulate ETH by evaluating this movement in the market creates a positive atmosphere among investors. This behavior of large investors is generally seen as a factor that increases confidence in the market.
Whales' Impact on the Market
Whales can directly affect prices by buying or selling in large amounts. This high amount of ETH withdrawn from Binance may indicate the whales' long-term accumulation strategy. This situation is considered a positive sign for the future price movements of ETH.
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