Ethereum Whale Accumulates to 355,164 ETH (~$1.21B) After $98.6M Binance Withdrawal

COINOTAG News, reporting with Onchain Lens data dated November 12, highlights persistent ETH accumulation by a prominent whale and institutional address. The entity, which previously borrowed coins to short 66,000 ETH, has continued to add exposure to Ethereum. Seven hours ago, it withdrew 28,262 ETH (about $98.59 million) from Binance, lifting its total holdings to 355,164 ETH and placing the position near a $1.21 billion valuation.

Market observers note that sustained ETH accumulation by a documented Ethereum whale could influence market liquidity and price discovery, particularly around macro catalysts and network fundamentals. The move signals ongoing institutional demand for Ethereum, and analysts will monitor subsequent transfers, balance shifts, or new strategic maneuvers to inform risk assessments and liquidity analytics.

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