Ethereum Whale Accumulation Continues as New Wallet Withdraws $3.95 Million of ETH From Binance

Ethereum whale accumulation is continuing, with a newly created wallet withdrawing about $3.95 million of ETH from Binance.

On-chain analytics platform Lookonchain said July 27 that a new wallet identified as 0x49D9 withdrew 2,101 ETH from Binance about four hours earlier. The tokens were worth about $3.95 million.

Lookonchain added that it has recently observed multiple whale wallets accumulating Ethereum.

Ethereum was trading at $1,875.53 on Binance's USDT market as of July 28, down 3.41% from a day earlier.