Whale 0x435 Continues ETH Withdrawals from Binance
The crypto world is abuzz with news of whale 0x435 making another significant ETH withdrawal from Binance. Spot On Chain, a reputable on-chain analytics provider, revealed that the whale redeemed a whopping 10,119 ETH tokens, valued at $31.83 million. This withdrawal comes amidst speculation about the whale’s next moves and its current profit-making strategy.
According to Spot On Chain, whale 0x435 currently holds a staggering 127,387 ETH tokens, equivalent to $407 million. Despite facing an unrealized loss, the whale continues to accumulate ETH tokens, recently purchasing an additional 41,338 ETH tokens worth $125 million. The whale reportedly used Uniswap and Binance exchanges to acquire these tokens at an average price of $3,030.
With a total of 117,268 ETH coins in its possession, the whale’s holdings are valued at $353 million, with an estimated cumulative loss of $19.4 million, representing a 4.8% loss overall. Despite recent corrections in the ETH market, whales like 0x435 are undeterred and continue to purchase tokens, even after a recent eight percent price correction in the past 24 hours.
The crypto community eagerly awaits to see how whale 0x435’s strategic moves will unfold in the coming days, as it navigates the volatile crypto market with its substantial ETH holdings. Stay tuned for more updates on this developing story.
