Address returns to ETH after two years, withdraws 3,500 ETH from Binance

Address returns to ETH after two years, withdraws 3,500 ETH from Binance

N
News Editor
2026-08-02 13:21:49
On-chain analyst @ai_9684xtpa said a wallet that previously traded Ethereum profitably has entered the market again. The address had built an ETH position in 2024 at $2,459 and later exited at $3,159, booking $700,000 in profit from the swing trade. About half an hour before the update, the same address opened a new position after a two-year gap. According to the monitoring data, the wallet withdrew 3,500 ETH from Binance, worth $6.495 million at the time of the transfer. The reported withdrawal price was $1,856 per ETH. The move marks the address's first ETH accumulation in two years, based on the analyst's tracking.

ChainCatcher reported, citing on-chain analyst @ai_9684xtpa, that one address had previously built an ETH position in 2024 at $2,459 and later exited at $3,159, making $700,000 from the swing trade.

About half an hour before the update, the address opened a new position again after two years, withdrawing 3,500 ETH from Binance worth $6.495 million. The reported withdrawal price was $1,856.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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