Lookonchain monitoring shows that after the SEC approved 9 Ethereum ETF applications for spot trading, a whale deposited 8,762 ETH (worth 30.4 million USD) into Binance. The whale withdrew 8,762 USD worth of ETH from Binance at a price of 3,876 USD between May 27 and May 29. If sold, the whale would lose 3.6 million USD.
After the SEC approved 9 spot Ethereum ETF applications, a whale deposited $30.4 million of Ethereum
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