BlockBeats reported on June 19, citing Lookonchain monitoring, that whale addresses are continuing to accumulate ETH. According to the monitoring data, K3 Capital withdrew 10,000 ETH from Binance two hours earlier, with the transaction valued at approximately $16.92 million.
Another large ETH withdrawal was recorded within the same two-hour window. A wallet associated with Wang Chun, co-founder of F2Pool, withdrew 7,650 ETH from Binance over the past two hours, with an estimated value of about $12.93 million.
Based on the two figures provided in the on-chain monitoring report, the related addresses withdrew a combined 17,650 ETH from Binance, worth about $29.85 million. The information was sourced from Lookonchain monitoring and was categorized by BlockBeats under whale movement activity.