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On December 13, COINOTAG highlighted a significant development in the cryptocurrency market, as a prominent whale wallet linked to Nexo withdrew 18,000 ETH, translating to approximately $70.8 million. The transaction was monitored via Lookonchain, marking a notable shift in the liquidity landscape on Binance. Since December 2, this particular wallet has funneled a cumulative total of 72,419 ETH into Binance, amounting to around $270.6 million. Currently, this address retains a balance of 42,108 ETH, which holds an estimated value of $165 million. These movements underscore the ongoing trend of substantial ether transfers, reflecting both market strategies and investor sentiment. Such significant transactions warrant close observation as they may influence the broader crypto market dynamics and trading activities going forward.
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