$ETH Whale Shuffles $104M Off-Exchange 🐳

In the past 24 hours, a whale wallet labeled “0x28e” has withdrawn 50,415 $ETH (~$104.54M) from centralized venues, triggering on-chain alerts.

The ETH was split and redistributed across multiple wallets, indicating deliberate fund management rather than a single transfer move.

Notably, wallet “0x3E1” now holds 50,155 $ETH (~$104.53M), accounting for nearly the entire withdrawn amount and becoming the primary destination.

There has been no immediate redeposit to exchanges, suggesting this is not a sell-side action but a strategic relocation of capital.

Is this whale preparing for long-term custody, or positioning ahead of a major market move?

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