On July 15, blockchain analytics platform Lookonchain reported a significant movement involving a prominent whale address, 0x3952, which withdrew 6,000 ETH valued at roughly $18.26 million from Binance. This transaction occurred within a four-hour window, highlighting notable liquidity shifts on the exchange. Previously, the same whale executed a substantial withdrawal of 50,255 ETH, worth approximately $113.85 million, at an average acquisition price near $2,266 per ETH about three weeks prior. Based on current market valuations, this position reflects unrealized gains exceeding $38 million, underscoring the strategic asset management by high-net-worth investors in the crypto ecosystem. Such large-scale movements are critical indicators for market participants monitoring institutional activity and liquidity trends on major cryptocurrency exchanges.
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