🎁🎁Whales Accumulate Ethereum After Correction: Deposited $20 Million on Binance 🎁🎁
Cryptocurrency analysis platform Lookonchain announced that declines in the price of Ethereum have turned into savings opportunities for large investors.
According to the data shared by Lookonchain, a whale has withdrawn a total of 5,160 ETH (approximately $20 million) from the Binance exchange in the past 12 hours.
A large transaction with a new wallet
This important transfer took place after the whale created a new wallet. At the time of the transaction, the price of Ethereum was at $3,888. This shows that large investors are expanding their portfolios by turning market fluctuations into opportunities.
Lookonchain made a statement saying, "Whales continue to buy when the price of Ethereum falls." These movements reveal that whales consider price declines as a long-term investment strategy.
Whale transactions can have an impact on the market
Large transactions made by whales usually attract attention in cryptocurrency markets. Such transactions can provide important clues about the future direction of the market. Investors shape their strategies by following whale movements.
However, this transaction worth approximately $20 million may not directly affect Ethereum, which has a daily trading volume of $43 billion.
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