Three Ethereum Whales Abruptly Accumulate $64,000,000 Worth of ETH From Binance and Kraken in Last Six Days

Three Ethereum (ETH) whales abruptly withdrew more than $64 million worth of the second-largest digital asset from a pair of centralized exchanges in a matter of days, according to the crypto tracker Lookonchain.

Lookonchain reports that one whale withdrew 14,632 ETH worth $45.5 million from Binance over six days. The whale subsequently staked all of the accumulated ETH.

Lookonchain also notes that two fresh whale wallets withdrew a combined total of 6,000 ETH worth $18.7 million from Kraken over two days.

Meanwhile, a separate whale accumulated 2,000 ETH worth $6.2 million from Kraken early Monday morning, according to the crypto tracker. The whale has accumulated a total of 26,380 Ethereum since May 24th, 2023, at an average price of $2,255 per ETH.

With ETH trading at $3,230 at time of writing, that whale’s haul is now worth more than $85.2 million, an unrealized profit of over $26 million.

Additionally, Lookonchain notes that a suspected Justin Sun wallet bought 13,780 ETH worth $41.24 million from Binance over the weekend. That wallet has purchased a staggering 168,369 ETH in the past 13 days, a trove that’s worth more than $543.8 million at time of writing. Sun is the billionaire founder of the smart contract protocol Tron (TRX).

Ethereum is up more than 4% in the past 24 hours and more than 37% since the start of the year.

Generated Image: DALLE3