Another whale is accumulating again. Two hours ago, a certain whale address withdrew 10,000 ETH from Bitget, with the transaction valued at approximately $31.91 million.
Looking at this address’s history, it now holds a total of 34,188 ETH, which at the current price is worth over $100 million, reaching $108.8 million.
Continuously withdrawing coins from exchanges to a cold wallet usually signals long-term holding intentions. After all, controlling your own private keys on-chain feels more secure than leaving assets on an exchange. With this move, there’s now even less ETH circulating in the market.
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SellTheBounce
· 12-04 13:43
Buy more after it drops, this whale also sells when the price bounces... just wait for a lower point, there will always be one.
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GweiObserver
· 12-04 13:43
Whales are accumulating tokens again, this pace is really steady.
The big players are moving to cold wallets, while retail investors are still trembling on exchanges.
$108.8 million worth of ETH... that's an impressive move.
Liquidity is getting lower and lower, things could get interesting later.
This continuous withdrawal routine is nothing new anymore.
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AirdropHunter007
· 12-04 13:42
Whales are accumulating again, this pace is pretty intense.
The big players are already locking up their coins, while retail investors are still hesitating whether to buy.
A single order of over a hundred million was withdrawn directly, now that's real confidence.
Is reduced circulation really a good thing? Or is it just part of the pump-and-dump routine?
It feels like if you follow the trend even a bit late, you'll miss out.
Looks like the story of ETH is far from over.
Better hurry up and get some, don't miss out again.
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DegenGambler
· 12-04 13:38
Damn, it's this whale again. Dropping 10,000 at a time, they're really going hard.
If this guy is bullish about the market, us small investors should follow and buy the dip.
Really envy the freedom to throw money around like that.
Are they dumping on retail again? I know this smell...
Storing coins in a cold wallet, that's a veteran move for sure.
Circulating supply is getting lower, holdings are getting more concentrated, we're just a bunch of small fish and we're screwed.
Not even moving a hundred million, that's some serious confidence.
Another whale is accumulating again. Two hours ago, a certain whale address withdrew 10,000 ETH from Bitget, with the transaction valued at approximately $31.91 million.
Looking at this address’s history, it now holds a total of 34,188 ETH, which at the current price is worth over $100 million, reaching $108.8 million.
Continuously withdrawing coins from exchanges to a cold wallet usually signals long-term holding intentions. After all, controlling your own private keys on-chain feels more secure than leaving assets on an exchange. With this move, there’s now even less ETH circulating in the market.