The Ethereum (ETH) whale, which had been dormant for nearly two and a half years, took action with a million-dollar transaction after US regulators sued Binance.
On-chain analytics platform lookonchain offered by datarevealed the remarkable activity of a long-standing Ethereum whale. While the cryptocurrency market has been rocked by the US Commodity Futures Trading Commission (CFTC) lawsuit against Binance, No transactions for 2.5 years By disrupting the Ethereum whale recession Binancefrom $3.45 million worth 2,000 ETH pulled.
According to the data, the address in question was finally September 2, 2020again in Binance over 1 million USD Coins (USDC) He transferred it to his personal account.
Many analysts, who shared their views on this and similar movements, claimed that similar environments of insecurity led players with large investments in the sector to different alternatives. Many crypto analysts are aware of what has happened in recent days. It could be a turning point for the market. Others said such whale movements could only be an individual decision.