Ethereum

Rally

Read

Spot

<a href="https://bitcoinworld.co.in/whale-withdraws-ethereum-worth-15-9m-from-binance-amid-price-rally/" title="Whale Withdraws Ethereum Worth $15.9M from Binance Amid Price Rally" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">LookOnChain revealed that an Ethereum whale withdrew 8,398 ETH worth $15.9 million from Binance.&nbsp;</li>
 <li style="font-weight: 400">The whale has, in recent days, deposited millions worth of ETH to Binance and has made over $14.7 million profit.&nbsp;</li>
 <li style="font-weight: 400">Ether’s price picked up in the last 24 hours, adding a marginal gain of 0.55%</li>
</ul>
Following its slow increase toward the <a href="https://bitcoinworld.co.in/ethereum-soar-close-to-1900/" rel="noopener noreferrer nofollow">$1900 price range</a>, Ethereum has piqued the curiosity of a number of investors, with whale <a href="https://coinedition.com/whale-withdraws-eth-worth-15-9m-from-binance-amid-price-rally/" rel="noopener noreferrer nofollow">activity</a> increasing significantly. Lookonchain, a blockchain analytics company, announced today that an ETH whale with the wallet address “0xb15” withdrawn 8,398 ETH worth around $15.9 million from crypto exchange Binance.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Smart whale 0xb15 withdrew another 8,398 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ($15.9M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> at $1,897 ~6hrs ago.
 In total, the whale has withdrawn 25,714 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ($47.8M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> at $1,857 on average over the past 2 days.
 His profit for the last trade is $5.5M while his floating profit for the… <a href="https://t.co/5RulrIy5Qu" rel="noopener noreferrer nofollow">https://t.co/5RulrIy5Qu</a> <a href="https://t.co/T65J9E5ter" rel="noopener noreferrer nofollow">pic.twitter.com/T65J9E5ter</a>
 — Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1721702841403003056?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 7, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The transactions were conducted in the early hours of Tuesday by the whale who has been on an ETH buying binge. According to Lookonchain, the whale made a total profit of $5.5 million on their prior trade, with an unrealized profit of $1.04 million on their current trade.&nbsp;&nbsp;
The data analytics platform estimates that the trader has made more than $14.5 million from seven completed trades, with an 85.7% win rate thus far. According to Lookonchain, the whale always bought ETH at lows and sold it at highs. The whale has now withdrawn 27,714 ETH from Binance, totaling nearly $47 million at an average price of $1,857 in the last two days.
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/ethereum-soar-close-to-1900/" aria-label="“Ethereum Soar Close To $1,900” (Edit)" rel="noopener noreferrer nofollow">Ethereum Soar Close To $1,900</a>
Meanwhile, Ether’s price has recovered as a result of a bitcoin-fueled bull run. According to CoinMarketCap data, Ether has increased somewhat in the last 24 hours, adding a 0.55% gain. ETH has gained 5.37% during the last week on the weekly price chart.&nbsp;
At the time of publication, Ether was trading for $1890 per unit. Despite the price increase, transaction volumes have decreased. Nonetheless, with a market cap of $277 billion, the token remains the second-largest cryptocurrency.
<figure id="attachment_54552" aria-describedby="caption-attachment-54552" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-54552" src="https://bitcoinworld.co.in/wp-content/uploads/Ether-Price-Chart-440x300.png" alt="Ether Price Chart" width="537" height="366" srcset="https://bitcoinworld.co.in/wp-content/uploads/Ether-Price-Chart-440x300.png 440w, https://bitcoinworld.co.in/wp-content/uploads/Ether-Price-Chart-733x500.png 733w, https://bitcoinworld.co.in/wp-content/uploads/Ether-Price-Chart.png 768w" sizes="(max-width: 537px) 100vw, 537px">
 <figcaption id="caption-attachment-54552" class="wp-caption-text">
 Ether Price Chart | Source: <a href="https://coinstats.app/coins/ethereum/" rel="noopener noreferrer nofollow">Coinstats</a>
 </figcaption>
</figure>
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
The post <a href="https://bitcoinworld.co.in/whale-withdraws-ethereum-worth-15-9m-from-binance-amid-price-rally/" rel="noopener noreferrer nofollow">Whale Withdraws Ethereum Worth $15.9M from Binance Amid Price Rally</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Whale Withdraws Ethereum Worth $15.9M from Binance Amid Price Rally

ItsBitcoinWorld

Other articles published on Nov 7, 2023

Mauritius explores Metaverse integration in financial services

Cardano Emerges as a Major Competitor to Top Blockchains in DeFi

Federal Reserve warns of risks posed by stablecoins

Can These New AI Cryptos Match Injective’s 2023 Growth?

WBI Share Price Crashes Below 1 GBX, Analysts Hope For A Recovery

Lawmaker seeks to drastically cut SEC Chair Gary Gensler’s salary to symbolic $1

Join our free newsletter for daily crypto updates!