On-chain tracker Lookonchain said on July 21 that whale activity around Ethereum picked up again through two separate addresses. A whale wallet identified as 0x4cee, which had been inactive for three months, became active again and spent 20 million USDC to buy 10,501 ETH at an average price of $1,905. In a separate transaction set, a newly created wallet withdrew 12,800 ETH from Binance over the past 24 hours. The holdings were valued at about $24.47 million at the time cited in the report. Lookonchain added that the entire 12,800 ETH position has already been staked. The update points to continued large-scale accumulation and staking activity in ETH, based on the addresses flagged by the on-chain monitoring account.
Ethereum whale activity picked up again on July 21, according to on-chain tracker Lookonchain.
Lookonchain said whale address 0x4cee, which had been dormant for three months, became active again and spent 20 million USDC to buy 10,501 ETH at an average price of $1,905.
In a separate development, a newly created wallet withdrew 12,800 ETH from Binance over the past 24 hours. The holdings were worth about $24.47 million, and all of the ETH has already been staked.
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