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Dormant Whale Withdraws 10,000 Ether Valued at $20.89 Million From Binance

A dormant cryptocurrency whale address withdrew 10,000 Ether worth approximately $20.89 million from the Binance exchange on November 10. The transaction, executed by a wallet address beginning with 0x547, ended roughly nine months of dormancy. Market participants track such large-scale exchange outflows as potential signals of accumulation or long-term holding strategies that reduce immediately available circulating supply on centralized exchange spot order books.

Category

Ethereum

Sentiment

Bullish

Event

Analyst flows

Reading time

1 min