ETH whales accumulated 350,000 ETH worth $617M, while 17,650 ETH left Binance in two large withdrawals.

ETH whales bought 350,000 ETH worth $617M as 17,650 ETH left Binance, fueling fresh speculation about a rebound.

Ethereum whale activity is being closely tracked after large wallets accumulated 350,000 ETH over the past five days.

The buying comes as traders continue to watch Ethereum’s price action near key market levels. 

Large wallet movements often receive attention because they can show changing behavior among major holders.

Separate on-chain updates also showed new ETH withdrawals from Binance within a two-hour period. These transfers involved wallets linked to K3 Capital and Chun Wang.

The data has added to discussion around Ethereum whale accumulation and possible exchange supply changes. However, such transfers do not confirm future price direction on their own.

Ethereum Whales Add 350,000 ETH

Whales have accumulated 350,000 Ethereum over the past five days, according to the shared update. 

At current reported values, the ETH is worth about $617 million. This level of buying has placed large holders back in market focus.

Whale accumulation is watched because it can show how bigger investors are positioning. 

When large wallets add ETH, traders often review exchange balances and market demand. Still, wallet activity must be read alongside price, volume, and wider market conditions.

The latest accumulation comes during a period of close attention on Ethereum’s short-term trend. 

ETH has faced pressure in recent sessions, while buyers look for stable support. As a result, whale buying has become a key topic for market watchers.

Binance Sees Large ETH Withdrawals

K3 Capital withdrew 10,000 ETH from Binance, according to the provided on-chain details. 

The transfer was valued at about $16.92 million at the time reported. The withdrawal took place around two hours before the update.

A wallet linked to Chun Wang, also known as satofishi, withdrew another 7,650 ETH from Binance. 

That transfer was valued at about $12.93 million. It also occurred within the same two-hour window.

Together, the two Binance withdrawals totaled 17,650 ETH. The combined value was about $29.85 million, based on the reported figures. Large exchange outflows are often tracked because they may reduce liquid supply on trading platforms.

Read Also:

Traders Watch ETH Rebound Signals

Ethereum analysts are now watching whether whale buying continues in the coming days. 

Repeated outflows from exchanges can suggest holders are moving assets to private wallets. 

However, transfers may also involve custody changes, portfolio moves, or internal strategy.

The reported activity has increased attention around Ethereum’s rebound prospects. 

Large holders adding ETH can support market confidence during weak periods. Even so, price recovery depends on broader demand and overall crypto market conditions.

For now, the data shows strong whale activity rather than a confirmed trend reversal. 

Ethereum remains tied to spot demand, exchange flows, and risk appetite across crypto markets. Traders are likely to keep tracking large ETH wallets and Binance outflows.

The post ETH whales accumulated 350,000 ETH worth $617M, while 17,650 ETH left Binance in two large withdrawals. appeared first on Live Bitcoin News.