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Binance Sees Exodus of Ethereum Tokens as Whales Shift Holdings

Published 05/24/2024, 08:09 PM
Updated 05/24/2024, 08:45 PM
Binance Sees Exodus of Ethereum Tokens as Whales Shift Holdings
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  • Crypto whales withdraw millions in Ethereum-based tokens from Binance.
  • Fresh addresses embark on massive token withdrawals from Binance.
  • Large withdrawals may signal bullish outlook for affected tokens.

Prominent crypto-tracking platform Lookonchain has identified several notable transactions involving cryptocurrencies within the Ethereum ecosystem. In a recent post on X, Lookonchain highlighted that crypto whales are withdrawing LDO, AAVE, UNI, LINK, and ENS in significant volumes from centralized exchanges.

According to Lookonchain’s alerts, a newly created address withdrew 82,040 ENS tokens from the Binance cryptocurrency exchange four days after its creation. At the time of the transaction, the withdrawn tokens were valued at $1.98 million.

In a similar vein, another new address created four days ago withdrew…

The post Binance Sees Exodus of Ethereum Tokens as Whales Shift Holdings appeared first on Coin Edition.

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