Summary
- Analysis suggests that a whale investor is accumulating Ethereum (ETH).
- It was reported that an anonymous whale and an address suspected to be Galaxy Digital each withdrew 17,591 ETH and 37,808 ETH.
- When Ethereum withdrawals increase on exchanges, the potential for its price to rise also tends to grow.
Analysis indicates that a whale investor is accumulating Ethereum (ETH).
On the 15th (local time), Datanode announced via X (formerly Twitter), "There is a trend of whale investors accumulating Ethereum," and added, "In the past 24 hours, an anonymous whale address starting with 0xE75 and an address suspected to belong to Galaxy Digital withdrew 17,591 ETH and 37,808 ETH, respectively."
Generally, when larger amounts of a particular coin are withdrawn from crypto exchanges, it is considered that the likelihood of that coin's price rising increases.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)
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