According to on-chain data monitor Lookonchain, whale address 0x2684 has continued to accumulate ETH. The address just withdrew another 5,926 ETH from Binance, valued at approximately $9.58 million. Over the past two days, the whale has withdrawn a total of 15,802 ETH (about $25 million) from Binance and moved all of it to a staking contract.
This concentrated withdrawal and staking activity reflects large capital's long-term bullish view on Ethereum. By removing liquidity from exchanges and locking it on-chain, the whale may reduce available supply, potentially supporting price. Traders should watch for further moves from this address.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.