Ancient Ethereum (ETH) Whale Wakes up, Withdraws $3.45 Million From Binance

An old Ethereum whale, which had been inactive for over two years, recently withdrew $3.45 million worth of ETH from Binance.

This event coincided with increased concerns about the trading platform's liquidity issues following the CFTC case against it.

The awakening of this whale has sparked speculation about its potential impact on the cryptocurrency's price performance.

The increased activity from large cryptocurrency holders can significantly influence the market dynamics, and the whale's move may signal a change in market sentiment or anticipation of a major event.

Its withdrawal could be interpreted as a lack of confidence in the platform or preparation for a significant move on the market.