【Crypto World】On-chain data shows that a massive Ethereum transfer just occurred—89,312 ETH were moved from a major exchange to a new address, worth approximately $264 million at current prices.
This transaction is indeed significant in scale. There are usually a few possibilities when such large amounts of Ethereum are withdrawn from an exchange: either a large holder is transferring assets to a self-custody wallet (possibly for long-term holding), or preparing to participate in an ecosystem activity or provide liquidity. The specific intent is not yet clear, but such large outflows are often closely watched by market participants.
Recently, the Ethereum market has experienced considerable volatility, and similar on-chain transfer data can be useful for understanding market sentiment and large holder movements. Interested friends can continue to follow the subsequent actions of this wallet address.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
8
Repost
Share
Comment
0/400
LeverageAddict
· 5h ago
Quickly track that address; this whale's actions are suspicious.
The big holder is dumping so much ETH—either bottom fishing or running away, betting on which.
Wow, nearly 300 million USD—can this wave explode?
I heard someone has already set their sights on that wallet. Is there any insider info, everyone?
With such aggressive withdrawals... it might still drop in the short term.
View OriginalReply0
ponzi_poet
· 5h ago
The 264 million was just pulled out like that. Either it's a big move or a conservative approach. Let's wait and see.
View OriginalReply0
LiquidationTherapist
· 5h ago
Almost 300 million again, is this whale planning to buy the dip long-term or preparing to dump?
View OriginalReply0
SigmaBrain
· 5h ago
Almost 300 million dollars withdrawn in one go, this guy really isn't afraid of being cut off.
View OriginalReply0
VitalikFanAccount
· 6h ago
Here comes again, the big players are starting to move coins again. This time they pulled out 264 million from the exchange. What are they trying to do?
---
Could it be another dump... I really can't take it anymore.
---
89312 ETH, oh wow, just looking at it makes my heart race. How much is this worth?
---
Why does it feel like these things are happening more and more frequently? Is the market sentiment so bad?
---
What are they tracking? Anyway, retail investors can't figure it out, might as well bet on what they'll do next.
---
Haha, the big wallet is like espionage intelligence. A single transfer, and the whole network has to ponder for three days.
---
Long-term holding or dumping? Let's wait and see. Anyway, it has nothing to do with me.
---
89312 isn't an integer, quite particular, huh?
---
Providing liquidity? I don't really believe it. Feels more like a large-scale escape.
View OriginalReply0
AirDropMissed
· 6h ago
Pulling out nearly 300 million dollars in one go, this guy is really impressive.
View OriginalReply0
GateUser-f3e4008c
· 6h ago
Merry Christmas, let's get bullish! 🐂
View OriginalReply0
BtcDailyResearcher
· 6h ago
Big players are up to tricks again. Could this be a prelude to a market dump?
Ethereum whale transfer: Nearly $300 million worth of ETH moved out of exchanges
【Crypto World】On-chain data shows that a massive Ethereum transfer just occurred—89,312 ETH were moved from a major exchange to a new address, worth approximately $264 million at current prices.
This transaction is indeed significant in scale. There are usually a few possibilities when such large amounts of Ethereum are withdrawn from an exchange: either a large holder is transferring assets to a self-custody wallet (possibly for long-term holding), or preparing to participate in an ecosystem activity or provide liquidity. The specific intent is not yet clear, but such large outflows are often closely watched by market participants.
Recently, the Ethereum market has experienced considerable volatility, and similar on-chain transfer data can be useful for understanding market sentiment and large holder movements. Interested friends can continue to follow the subsequent actions of this wallet address.