Ethereum Whale Deposits 120,000 ETH into Binance
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 17h ago- Whale Deposit Activity: The Ethereum whale known as '1011 Insider Whale' deposited 120,000 ETH into Binance within 48 hours, demonstrating significant market influence, although no institutional backing has been identified thus far.
- Cautious Market Response: This massive deposit has drawn considerable attention, with trading volumes reaching record highs, yet investor sentiment remains cautious regarding price stability amid such volatility.
- Asset Holdings: Following a $230 million liquidation, the whale still holds over 469,642.98 ETH, valued at approximately $1.11 billion, indicating substantial financial strength and market presence.
- Lack of Regulatory Response: Despite the heightened market activity, regulatory bodies like the SEC have not issued any formal responses, leaving the market uneasy about potential financial and regulatory implications.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
