BlockBeats reported on Aug 11 that an Ethereum whale has been steadily accumulating ETH through a series of large withdrawals from Binance, based on on-chain monitoring by Onchain Lens. The latest transfer came on the same day, when the whale address pulled another 50,000 ETH out of the exchange, worth approximately $93.6 million. That brings cumulative withdrawals from Binance to 90,000 ETH, with a combined value of about $170 million. On-chain data further shows that 40,000 ETH has already been staked. BlockBeats flagged the figures, citing the raw monitoring data from Onchain Lens. The address stands out for the scale of its outflows and the staking activity that follows, making it a closely watched accumulation wallet among on-chain observers. Total balance of the address has not been disclosed in the report, and no further transfers have been recorded so far.
An Ethereum whale has again moved a large amount of ETH out of Binance, extending a string of exchange withdrawals tracked by Onchain Lens.
On-chain data shows the address pulled 50,000 ETH — worth roughly $93.6 million — from the exchange on Aug 11. Cumulative withdrawals from Binance now stand at 90,000 ETH, or about $170 million in total. Of that amount, 40,000 ETH has been staked.
BlockBeats reported the on-chain activity, citing monitoring data from Onchain Lens.
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