A dormant wallet identified as 0xE5eB withdrew 4,361 ETH — roughly $9.98 million — from Kraken after three months of inactivity, a move that typically signals intent to hold rather than trade. Within hours, a freshly created wallet, 0xA605, followed with a 2,000 ETH ($4.58M) withdrawal from Binance.
Together the two transactions removed approximately $14.5 million worth of ETH from exchange custody in a single five-hour window. Exchange withdrawals at this scale reduce liquid sell-side supply, and the reactivation of a long-dormant wallet adds weight to the read that conviction buyers are stepping in at current levels.
Original content
Whales are buying $ETH.
Whale 0xE5eB withdrew 4,361 $ETH($9.98M) from #Kraken 5 hours ago after 3 months of inactivity.
A newly created wallet, 0xA605, withdrew 2,000 $ETH($4.58M) from #Binance 1 hour ago.
https://t.co/ExlzRYPU6C
https://t.co/MSpqv4LElD https://t.co/ZKnpExGerr
Whale Alert