Odaily reported that, according to monitoring by Onchain Lens, the whale address geministar.eth withdrew 11,100 ETH from Binance. The transfer was valued at $19.94 million based on the monitoring data cited in the report. The movement marks a sizeable outflow of ETH from the exchange to an address associated with the whale.
Onchain Lens data also showed that over the past three days, geministar.eth has withdrawn a total of 32,300 ETH from Binance. The combined value of these withdrawals was reported at $57 million. The latest 11,100 ETH transfer is part of that three-day total, alongside earlier withdrawals recorded during the same period.
The ETH withdrawn by geministar.eth has been used for staking. Staking is a common use case within the Ethereum ecosystem, involving ETH being committed through a staking process. The reported figures focus on the exchange involved, the number of ETH withdrawn, the corresponding dollar value, the three-day cumulative amount, and the staking destination of the assets.