Summary
- It was reported that a whale investor withdrew a total of $2.6 million worth of AAVE and FET from Binance.
- This large-scale withdrawal may be for self-custody or utilization in DeFi.
- AAVE is trading at $259.18, down 0.35%, and FET is trading at $0.6713, up 2.45%.
A whale investor has reportedly withdrawn AAVE and Fetch (FET) worth approximately $2.6 million (USD) from the global cryptocurrency exchange Binance.
According to on-chain data platform Arkham Intelligence on the 26th (local time), wallet address '0x6C4' withdrew $1.54 million worth of AAVE and $1.05 million worth of Fetch from Binance, respectively. Such large-scale withdrawals are typically interpreted as moves for self-custody or use in decentralized finance (DeFi).
Meanwhile, as of 14:10 on CoinMarketCap, AAVE was trading at $259.18, down 0.35% from the previous day, and Fetch was trading at $0.6713, up 2.45%.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
