Anonymous whale withdraws $40M in ETH from exchanges over 20 hours

An anonymous whale address starting with 0x28eF has withdrawn 19,820 ETH, worth $40.14 million, from Binance and OKX over the past 20 hours, Lookonchain reported. Withdrawals from exchanges are typically interpreted as a sign of intent to hold. This same address previously purchased 60,784 ETH ($126 million) on Feb. 8 and subsequently staked most of the funds.