ETH Whales Buy Nearly $100M
Ethereum whales have accumulated almost $100 million worth of ETH while Binance recorded a sharp increase in exchange inflows. According to AMBCrypto, one large holder swapped 512 WBTC worth around $38.64 million and 354 cbBTC valued at $26.73 million for a total of 26,924 ETH worth approximately $64.57 million. Abraxas Capital added another 13,700 ETH for about $34.24 million. Together, the transactions represent nearly $100 million in fresh Ethereum demand. At the same time, around 709,400 ETH flowed into Binance, marking the highest daily inflow since June. Larger exchange balances can increase potential sell-side supply, although transfers to an exchange do not automatically mean an immediate sale. For exchange users, the contrast between whale accumulation and rising exchange supply makes ETH market activity worth watching. Track the latest Ethereum rate and exchange conditions on xbit.money.