A New Wallet Withdrew 9,132 ETH From Binance in the Past 3 Hours, Worth Approximately $24,370,000
New Wallet Withdraws 9,132 ETH From Binance Worth About USD 24.37 Million
PANews reported on September 29, citing Lookonchain, that a newly created wallet associated with address 0x4876 withdrew 9,132 ETH from Binance in the past three hours. The amount was valued at about USD 24.37 million and was presented as part of a pattern of whales continuing to buy ETH.
What the on-chain data shows
The public record identifies a large outbound transfer from a centralized exchange to a fresh address. Lookonchain used that movement to highlight continued accumulation by large holders. The source does not reveal the owner, the destination after withdrawal, or the transaction’s purpose.
Why readers should treat it carefully
Exchange withdrawals are often watched as a sign that coins are leaving trading venues, but a new address has no prior activity to establish a holding pattern. The report gives timing, amount, venue, and monitoring source: 9,132 ETH, three hours, Binance, and Lookonchain.
What to watch next
Further labels or transfers from 0x4876 could clarify whether the ETH remains in self-custody, moves to another service, or participates in another protocol. Until more on-chain evidence appears, the withdrawal remains a single reported data point, not a price signal.
Risk Notice
This article is only an information compilation based on publicly reported on-chain data. It does not constitute investment advice, and the withdrawal activity described does not guarantee any future price movement or outcome. Cryptocurrency assets, including ETH, are highly volatile and can change value rapidly due to market sentiment, liquidity conditions, and broader macroeconomic factors. Readers should independently verify information, understand risks, and make rational, cautious decisions rather than relying on single data points or social media interpretations.
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