Metalpha may be hoarding Ethereum, withdrawing more than 29,000 ETH in 18 days

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According to Foresight News, as monitored by @EmberCN, Metalpha may be accumulating ETH recently: it deposited 25 million USDC into Binance 5 hours ago, and then withdrew 7,000 ETH (approximately $11.12 million) from Binance 1 hour ago, transferring it to address 0x96F4.

Since April 1st, this address has cumulatively withdrawn 29,000 ETH from Binance, which is approximately $48.73 million at current exchange rates, with an average withdrawal price of around $1,680.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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