A newly created wallet has withdrawn 10,000 ETH from Bybit, worth about $18.81 million, according to monitoring by on-chain analytics platform Onchain Lens. The transaction points to continued large-holder accumulation in Ethereum.
On-chain data cited in the report shows that whales have kept adding to their ETH positions recently and moving the tokens off exchanges. The withdrawal came from Bybit and involved a fresh wallet address, a detail often watched closely in whale-tracking reports.
The reported value of the transfer was about $18.81 million at the time of observation. No additional identity details about the wallet were disclosed in the source update.
A newly created wallet withdrew 10,000 ETH from Bybit, worth about $18.81 million, according to on-chain analytics platform Onchain Lens.
On-chain data shows whales have continued to accumulate ETH recently and move the tokens off exchanges.
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