- Whale activity with 1,501 ETH withdrawal from Binance.
- Accumulated 6,468 ETH over three months.
- Floating profit stands at $7.414 million.
An unknown address withdrew 1,501 ETH from Binance, amassing 6,468 ETH over three months with a floating profit of $7.414 million. On-chain data reveals no public links to any executives or public statements.
This event is noteworthy due to the large-scale movement of Ethereum off Binance, which highlights potential implications on exchange liquidity and ETH market volatility.
The unknown address’s withdrawal of 1,501 ETH from Binance is part of a pattern. Over three months, it has accumulated a total of 6,468 ETH, marking a significant activity in Ethereum transactions. This address remains unattributed.
“A certain address withdrew 1,501 ETH from Binance six hours ago, accumulating 6,468 ETH and now showing an unrealized profit of $7.414 million over three months.” — Ai Yi, On-Chain Analyst, ChainCatcher
According to analysts, the address was dormant post its initial position on June 7, but became active amid recent market declines. Unrealized profits of $7.414 million have been accumulated since, drawing attention from the crypto community.
The cryptocurrency market may see an impact from this withdrawal, contributing to liquidity shifts within Binance. Such activity can influence price volatility if buy-side demand does not meet supply, a trend observed in similar past events.
Further, on-chain data reveals that over 1,075,000 ETH withdrawals are pending due to staking exits, signaling potential market congestion. Analysts are closely monitoring the situation to ascertain the broader market consequences of such whale activities.
Insights into potential outcomes suggest heightened market attention and possible regulatory scrutiny. Analysts remain alert, pointing out that large exit patterns could precipitate future sell-pressure in ETH markets, as has occurred in prior instances of substantial withdrawals.
About the author
SharpLink Expands Strategic ETH Reserve With $680M Addition
SharpLink adds $680M to Strategic ETH Reserve, now holding 4.1M ETH worth $17B.
XRP Poised for 75% Surge Amid Key Developments
XRP price could increase by 75% due to regulatory clarity, ETF approvals, and institutional adoption.
ETH Overtakes Mastercard by Market Cap
Ethereum surpasses Mastercard, reaching the 25th–26th rank among global assets due to institutional inflows, ETF momentum, and macroeconomic factors.
Private DeFi Revolutionizes Market Efficiency Amidst Emerging Trends
Private DeFi enhances market efficiency using zero-knowledge proofs, impacting Ethereum and Layer 2 solutions in August 2025.
Whale Withdraws 1,501 ETH from Binance
Unknown whale accumulates 6,468 ETH, withdrawing 1,501 ETH from Binance, gaining $7.414M.
Bitcoin Whale Expands Holdings with $13.87 Million Purchase
A Bitcoin whale known as 'bc1qgf' has increased its holdings, adding 119.8 BTC, worth $13.87 million, bringing total holdings to 1,841.2 BTC, valued at $216 million.
Related
SharpLink Expands Strategic ETH Reserve With $680M Addition
SharpLink adds $680M to Strategic ETH Reserve, now holding 4.1M ETH worth $17B.
XRP Poised for 75% Surge Amid Key Developments
XRP price could increase by 75% due to regulatory clarity, ETF approvals, and institutional adoption.
ETH Overtakes Mastercard by Market Cap
Ethereum surpasses Mastercard, reaching the 25th–26th rank among global assets due to institutional inflows, ETF momentum, and macroeconomic factors.
Private DeFi Revolutionizes Market Efficiency Amidst Emerging Trends
Private DeFi enhances market efficiency using zero-knowledge proofs, impacting Ethereum and Layer 2 solutions in August 2025.
Bitcoin Whale Expands Holdings with $13.87 Million Purchase
A Bitcoin whale known as 'bc1qgf' has increased its holdings, adding 119.8 BTC, worth $13.87 million, bringing total holdings to 1,841.2 BTC, valued at $216 million.
Trend Research Acquires 67% of NEIROETH Supply
Trend Research, led by Yi Lihua and affiliated with LD Capital, has acquired 67% of NEIROETH supply, raising significant market implications.
Be the first to leave a comment