ETH Whales Move $64M Out of Exchanges as Price Rises

Ethereum whales withdraw over $64 million worth of ETH from major exchanges, such as Binance and Kraken.

The withdrawals coincide with a notable increase in the price of ETH, which has risen by over 38% in the last 30 days.

The withdrawals indicate a growing confidence and optimism among large-scale investors in the Ethereum network and its native token.

The withdrawals also suggest a trend of long-term holding and staking of ETH, as some of the funds have been actively staked within days of being moved.

The withdrawals could signal a bullish outlook for Ethereum's future, as less supply on exchanges could create more demand and upward pressure on the price.

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