- 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.
What altcoins on #Ethereum are fresh whale wallets buying?$LDO $AAVE $UNI $LINK $ENS0x43cA was created 4 days ago and withdrew 82,040 $ENS($1.98M) from #Binance 2 hours ago.https://t.co/A1BIRbZUbq
0xBbDC was created 4 days ago and withdrew 214,465 $UNI($1.97M) from #Binance… pic.twitter.com/KPUkEcWzpz
— Lookonchain (@lookonchain) May 24, 2024
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 At the time of the transaction, the withdrawn tokens were valued at $1.98 million.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…
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