In the past week, there has been a remarkable increase in the withdrawal of six primary Ethereum ecosystem tokens from centralized exchanges (CEX), totaling $76.95 million. This surge in activity can be attributed to new wallets and first-time accumulators entering the market.
The ENA token experienced a significant surge of 31.05% over the past week. A new multi-signature wallet, known as “0xe68,” withdrew 34.65 million ENA, equivalent to $45.61 million. This wallet saw impressive returns, gaining $3.2 million in just seven days. Additionally, two other multi-sign wallets, “0xc7e” and “0x8be,” collectively withdrew 19.66 million ENA, resulting in a profit of $657,000 within 19 hours.
The PEPE token saw a dramatic increase of 45.5%. A major contributor to this rise was a whale known as “0x837,” who withdrew 982.6 billion PEPE valued at $13.55 million from Binance, generating a profit of $594,000 over two days. The LDO token experienced a surge of 37.6%, with six new wallet holders withdrawing 4.3 million LDO valued at $9.59 million from Binance in the last 16 hours.
AAVE gained 16.5% over the week as two whales removed 39,762 AAVE valued at $4.06 million from Binance, priced at around $102 each approximately three hours ago. Similarly, UNI saw a rise of 28.5%, with a whale named “0xbbd” withdrawing 214,465 UNI valued at $2.08 million from Binance for $9.69 around two hours ago.
ENS experienced a surge of 72.3%. Whale “0x43c” managed to withdraw 82,041 ENS valued at $2.06 million from Binance, priced at $25.13 each approximately three hours ago. These substantial withdrawals and the resulting significant gains indicate a growing trend of investors moving their assets off exchanges, possibly as a risk management strategy or to speculate on further price increases. This activity highlights a strong week for the Ethereum ecosystem, with substantial capital flows and price dynamics likely to influence future market behavior.
