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Whale Withdraws 40M USDC from Binance for ETH Purchases on DEXes | Flash News Detail | Blockchain.News

Whale Withdraws 40M USDC from Binance for ETH Purchases on DEXes

9/3/2024 10:05:15 AM

Whale Withdraws 40M USDC from Binance for ETH Purchases on DEXes

According to @0xScopescan, a whale has withdrawn 40 million USDC from Binance over the past month and used the funds to purchase ETH on decentralized exchanges (DEXes). This significant movement of funds suggests a strategic investment in Ethereum, potentially indicating bullish sentiment towards ETH. Traders should monitor the impact on ETH prices and liquidity on DEXes. (Source)

USDC ETH Binance whale DEXes

More from Scopescan (@0xScopescan): Scopescan (The mightiest tool you need to discover on-chain insights)