The owner of Ethereum transferred 12,000 ETH to the Binance cryptocurrency exchange. Lookonchain analysts reported on a major transaction.
A giant whale deposited 12K $ETH($39.75M) to #Binance 1 hour ago and may sell it.
He also deposited 9K $ETH($29.14M) into #Binance yesterday and withdrew 30M $USDT from #Binance.
This whale started trading $ETH in 2017 and appears related to Youbi Capital.… pic.twitter.com/HJFoGDgTiq
— Lookonchain (@lookonchain) March 20, 2024
According to them, the investor sent tokens worth about $40 million to Binance. It is noteworthy that a day earlier he transferred 9,000 ETH to the same exchange, and then withdrew $30 million in USDT stablecoins.
Analysts have suggested that the Ethereum whale is going to sell its assets. He started investing in this cryptocurrency in 2017. The address indicated in the message may belong to the Youbi Capital venture fund.
According to Arkham Intelligence, at the time of writing, the crypto wallet's assets are valued at $110.2 million. Keith continues to hold a small supply of Ethereum (ETH), Lido (LDO), Optimism (OP) and several other tokens.
Balance in the sender's Ethereum wallet. Data: Arkham.
At the time of writing, Ethereum is trading above $3,500 and is trying to gain a foothold above this level.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
