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An anonymous Ethereum whale address starting with 0xC1C withdrew $8.07 million worth of ETH from Binance about four hours ago and deposited the funds into decentralized lending protocol Aave, according to on-chain analyst ai_9684xtpa. Exchange withdrawals are typically interpreted as a sign of holding intent.
The whale has accumulated 12,134.13 ETH worth about $32.41 million since Sept. 2, with an estimated average entry price of $2,671.25. ETH was recently trading at $2,705.51, up 0.67%, according to CoinMarketCap.