Ethereum Whale Withdraws 2,870 ETH ($11.86M) From Binance After 7-Month Dormancy, Now Holds 4,623 ETH
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COINOTAG News, on October 11, cited Onchain Lens analytics showing that after seven months of dormancy a whale executed a withdrawal of 2,870 ETH from Binance, with the transaction valued at approximately $11.86 million.
On-chain records indicate the same wallet now holds 4,623 ETH, about $19.12 million in nominal terms, reflecting a material off-exchange balance position rather than market-facing liquidity on the exchange.
From a market-structure perspective, this transfer represents a notable net outflow from centralized custody and is a pertinent data point for traders, risk managers and analysts monitoring Ethereum flows and centralized exchange liquidity metrics.