JUST IN: Crypto Whale Just Moved $32M Worth Of Ethereum (ETH) Off Binance
What happened: An Ethereum whale sent $32,444,470 worth of Ethereum off Binance.
The ETH address associated with this transaction has been identified as:
0x4353e2df4e3444e97e20b2bda165bdd9a23913ab
Why it matters: Whales typically send cryptocurrency from exchanges when planning to hold their investments for an extended period of time. Storing large amounts of money on an exchange presents an additional risk of theft, as exchange wallets are the most sought-after target for cryptocurrency hackers.
Ethereum whales that run their own validator nodes (costing 32 ETH each) must send their Ether to the Ethereum 2.0 beacon chain, which is then locked up until the launch of Ethereum 2.0 in 2022.
According to Glassnode, only 16.99% of the total supply remains liquid across all centralized exchanges.
Full Article: <a rel="noreferrer nofollow noopener" href="https://www.benzinga.com/markets/cryptocurrency/22/12/30045600/crypto-whale-just-moved-32m-worth-of-ethereum-eth-off-binance" target="_blank">https://www.benzinga.com/markets/cryptocurrency/22/12/30045600/crypto-whale-just-moved-32m-worth-of-ethereum-eth-off-binance</a>