6-7-2025 – A cryptocurrency whale withdrew 3,000 ETH, valued at $7.55 million, from Binance today, further expanding a significant Ethereum position, according to on-chain data analyst @ai_9684xtpa. The withdrawal, adds to the investor’s ongoing accumulation strategy, which began on June 10. Since starting this spree, the whale has amassed 7,001 ETH, worth approximately $17.95 million, with an average withdrawal price of $2,563.45 per ETH.
However, the position currently faces a floating loss of $346,000, reflecting Ethereum’s price volatility. Such large-scale withdrawals often signal confidence in long-term value or strategic portfolio adjustments, though the exact intent remains unclear. The move aligns with recent whale activity, including another reported purchase of 1,616.53 ETH on July 5, suggesting active accumulation during market dips.
These transactions highlight the influence of major investors on Ethereum’s market dynamics, particularly as the asset stabilizes around $2,500, per recent analyses. While some whales have moved ETH to exchanges, potentially signaling sales, this investor’s consistent withdrawals indicate a bullish stance or preparation for decentralized finance opportunities.