Ethereum Whale Withdraws $25.3M From Binance as ETH Extends Gains

A crypto whale identified as 0x7746 has withdrawn 14,267 ETH, worth about $25.3 million, from Binance in two separate transactions a few minutes ago.

The transfer comes as Ethereum has climbed more than 12% over the past week, with the price currently hovering near $1,765.

Such large withdrawals from exchanges are often associated with reduced immediate selling pressure and suggest that assets are being moved into long-term storage or private wallets, potentially tightening available supply on trading platforms.

Source: Lookonchain