An Ethereum (ETH) whale has been spotted withdrawing tens of millions of dollars worth of the leading altcoin from crypto exchange Binance over the last month.
Blockchain tracking firm Lookonchain reports that an Ethereum whale has withdrawn 50,100 ETH worth over $91 million from Binance since June 8th.
“This whale withdrew 8,500 ETH ($16.3 million) from Binance again…
The whale has withdrawn 50,100 ETH ($91.2 million) from Binance since June 8 and staked 34,560 ETH ($65 million).”
Lookonchain also spotted another whale buying large amounts of ETH. The deep-pocketed investor also accumulated the decentralized stablecoin lending project CurveDAO (CRV) and the Ethereum liquid staking service Lido (LDO)
“A whale (probably czsamsunsb.eth) bought ETH and CRV today!
He borrowed 8 million USDC from Aave and spent 6 million USDC to buy 3,115 ETH at $1,926…
And he withdrew 1.83 million CRV ($1.41 million) and 1,222 ETH ($2.35 million) from Binance…
He also withdrew 143,533 LDO ($326,000) from Binance and spent 800 ETH (1.42 million) to buy 737,921 LDO at $1.92 from June 7 to June 11.”
Last week, Lookonchain tracked down whale with a history of extremely clutch trades in the past, including selling Ethereum (ETH) at a local top, trading USDC for ETH before it lost its dollar peg and withdrawing all of its funds from the crypto exchange FTX right before the bankrupt centralized platform suspended user withdrawals.
“A smart whale deposited 16 million USDC to Binance…
The smart whale:
Dumped 34,000 ETH ($65.4 million) when the price was $1,930.
Exchanged USDC for ETH during the USDC de-pegging.
Withdrew all assets from FTX before FTX suspended withdrawals.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/world01