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Whale Withdraws $28.75M in Ethereum Ecosystem Tokens from Binance

Published 05/27/2024, 04:40 PM
Updated 05/27/2024, 05:15 PM
© Reuters Whale Withdraws $28.75M in Ethereum Ecosystem Tokens from Binance
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  • A whale withdrew $28.75M in Ethereum ecosystem tokens from Binance, highlighting strategic accumulation in the crypto market.
  • Key holdings include 173,705 UNI ($2M), 18,566 AAVE ($2.02M), 4.04M LDO ($9.3M), and 82,041 ENS ($2M), showcasing diversified investments.
  • Michael Saylor views SEC’s approval of spot Ether ETFs as a boost for institutional adoption and Bitcoin’s legitimacy in the crypto market.

Lookonchain, an on-chain platform, reported a significant movement in the cryptocurrency market. Over the past three days, a whale or institution withdrew $28.75 million in Ethereum ecosystem tokens from Binance. This entity amassed a substantial portfolio, including 173,705 UNI ($2M) and 18,566 AAVE ($2.02M).

The whale’s purchases highlight a considerable investment in Ethereum-related tokens. In addition to these tra…

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