Ethereum Whale Buys 23,501 ETH (~$82.63M) as $40M USDT Moves to Binance in Prep for More ETH

COINOTAG News, citing LookinChain monitoring on November 11, reports new on-chain activity from a prominent ETH whale. After previously borrowing 66,000 ETH, selling into a market dip, and then reaccumulating 257,543 ETH, the address added 23,501 ETH (about $82.63 million) to its stack. The pattern highlights persistent demand within Ethereum and signals continued cross-exchange liquidity movements.

Separately, the same address reportedly borrowed another 40 million USDT and sent it to Binance, a move many observers associate with ongoing ETH accumulation strategies. While on-chain details remain, the activity illustrates disciplined capital deployment in the crypto space and may influence near-term market dynamics for Ethereum.