$ETH whale who has not been active for years is now withdrawing millions from Binance, which could be a sign
reacts to the recent CFTC case against Binance, an old Ethereum whale has emerged from dormancy, potentially indicating a shift in investor sentiment. The awakening of this whale has coincided with increased concerns among market participants and a significant outflow of funds from the trading platform.
This event raises the possibility of liquidity issues for investors and has placed the spotlight on the activity of large cryptocurrencyAn Ethereum address that had been inactive for two and a half years recently withdrew 2,000 ETH, worth approximately $3.45 million, from Binance. Prior to this withdrawal, the address had not made any transactions since Sept. 2, 2020, when it withdrew 1 million USDC from the same platform.
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