Whale investors withdrew 500,000 Ethereum in the past week

Son Min

Summary

Over the past week, 500,000 Ethereum (ETH) were withdrawn from cryptoasset exchanges.
Analyst Ali Martinez said the withdrawal size amounts to about $2.1 billion.
It is known that as ETH withdrawal volumes from exchanges increase, the likelihood of the coin's price rising is higher.

Last week, 500,000 Ethereum (ETH) were withdrawn from exchanges.

On the 3rd (local time), Ali Martinez, a cryptoasset (cryptocurrency) analyst, said on X (formerly Twitter), "Over the past week, 500,000 ETH left cryptoasset exchanges," adding, "This is about $2.1 billion."

Generally, when a specific coin is withdrawn more from cryptoasset exchanges, that coin is known to be more likely to rise in value.

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