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The new address transferred 56,000 ETH in two hours, and the whereabouts of 160 million USD remain a mystery.
[Coin World] Just noticed an interesting on-chain action: In the past two hours, a new Wallet Address directly withdrew 56,291 ETH from a major exchange, which is approximately 160 million USD.
Transfers of this magnitude often deserve attention— it could be institutions reallocating their holdings, or large holders making strategic moves. A new address suddenly moving this many coins is certainly worth keeping an eye on for future developments.