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Fresh Whale Wallet Withdraws $120 Million in ETH from Binance
12/01/2025, 10:36
AI SUMMARY
●New wallet withdraws 42,225 ETH worth $120M from Binance
●Transaction detected by multiple on-chain monitoring platforms
●Large outflow to self-custody occurs during market volatility
On-chain tracking services including Lookonchain and Nansen detected a newly created wallet address withdrawing 42,225 ETH from Binance. The value of the transaction is estimated at approximately $120 million.
This large-scale withdrawal to self-custody comes amidst broader market volatility and coincides with other significant whale movements observed in the lending markets.