Whale Deposits 25,700 ETH Worth $49.52M on Binance Exchange

• Crypto whale transferred 25,700 ETH to Binance, equivalent to approximately $49.52 million.
• A similar ETH amount was transferred from Binance between November 3 and 6.
• ETH gains between both transactions reflect a $1.81 million profit.

Popular Chinese crypto journalist Colin Wu has spotted a blockchain wallet that made a significant ETH transaction today, November 9, 2023. Wu posted on X (formerly Twitter) that the particular wallet transferred 25,700 ETH to Binance, equivalent to approximately $49.52 million.

A user transferred a similar ETH amount from the Binance exchange between November 3 and 6, and Wu suspected that the same person could be responsible for both transactions. The value of the 25,700 ETH when it was transferred out of Binance was $47.71 million, according to Wu, who suggested the user could have made a $1.81 mi…