The cryptocurrency whale attracted attention by purchasing millions of dollars worth of altcoins from Binance.
Reported by on-chain analysis platform Lookonchain to data according to 4 February A whale taking action today, via cryptocurrency exchange Binance $29 million worth 12,600 Ethereum (ETH) made the purchase.
The whale in question had a total of $48 million worth 19,980 ETH He caused surprise by withdrawing it from Binance to his private wallet.
These large purchases made by whales in light of the spot Ethereum exchange traded fund (ETF) expectations were interpreted as positive news by investors. The whale does not have any assets in his wallet other than his Ethereum investment.
According to CoinGecko data, in the last 24 hours 1% rise Ethereum exhibiting, at the time of writing from $2,312 is being traded.