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Ethereum whales withdraw $29M despite bearish signals

Ethereum whales withdraw $29M despite bearish signals
Source: ambcrypto.com

Ethereum [ETH] whales have intensified their accumulation activity despite broader market weakness, withdrawing millions in ETH from exchanges. As per Lookonchain, two whale wallets received 13,002 ETH,...

Summary

  • As per Lookonchain, two whale wallets received 13,002 ETH, worth roughly $29.09 million, from FalconX and OKX.
  • Specifically, one whale received 9,625 ETH worth nearly $21.57 million from FalconX, while a newly created wallet withdrew 3,377 ETH worth approximately $7.52 million from OKX.
  • These significantETHwithdrawals highlighted a growing interest among the large investors despite Ethereum’s recent price weakness.
  • Beyond the reported whale transfers, Ethereum’s broader exchange activity revealed token withdrawals despite prevailing market uncertainty.
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Ethereum whales withdraw $29M despite bearish signals