Whale Withdraws 2,417 ETH After 5 Months Dormancy: Insights on Ethereum Market Movements

On March 5th, COINOTAG reported noteworthy activity in the cryptocurrency market as a significant entity, commonly referred to as a whale, made a strategic withdrawal of 2,417 ETH valued at approximately $4.97 million from the Binance exchange. This whale had been inactive for about five months prior to this transaction. Throughout its accumulation phase, this individual had secured a total of 13,671 ETH at an average price of $2,811.64, resulting in a cumulative investment of around $38.43 million. Currently, the investor is grappling with a floating loss of $10.5 million. Moreover, it is noteworthy that the whale has staked 11,498.58 ETH with Lido, indicating a commitment to participating in the Ethereum ecosystem.