Binance, the world's largest cryptocurrency exchange, saw a significant outflow of Ether (ETH) in the past 30 minutes. According to on-chain data analytics provider Lookonchain, four new wallets withdrew a total of 8,440 ETH, amounting to $28.43 million. These new wallets are believed to belong to a single whale address. The withdrawal could be a sign that the whale is moving their assets to a different platform or is planning to sell their ETH. The large outflow of ETH from Binance has caused the price of the cryptocurrency to drop slightly in the past hour. It's important to note that this is just one interpretation of the on-chain data. The whale could have any number of reasons for withdrawing their ETH, and it's impossible to say for sure what their intentions are.

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