COINOTAG reported on January 29th that a prominent whale recently withdrew 2,995 ETH, equivalent to around $9.41 million, from Binance. This significant transaction follows a pattern of accumulation initiated on October 29th when this entity had begun gathering an impressive total of 39,844 ETH. With the recent withdrawal, the whale now possesses 76,131 ETH and wrapped tokens, amounting to an estimated valuation of $236 million. Furthermore, a considerable portion of these assets is staked on platforms such as Lido, ether.fi, and Spark, indicating a strategic positioning within the decentralized finance (DeFi) landscape. The average withdrawal price was noted at $3,145 per ETH, reflecting the ongoing interest and activity by institutional players in the cryptocurrency market. Such transactions underscore the dynamic nature of ETH holdings among major investors, emphasizing the relevance of market trends in the evolving financial framework.
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