Whale Deposits 8,762 ETH into Binance After SEC Approves Ethereum ETFs

Following the SEC's approval of 9 spot Ethereum ETF applications, a whale deposited 8,762 ETH (worth $30.4 million) into Binance.

Whale Address: 0xf26E43BF9fc05aE2499116129E1EE7Af17c6410B

Deposit Amount: 8,762 ETH

Value: $30.4 million

Previous Activity:

The whale had previously withdrawn 8,762 ETH from Binance at a price of $3,876 per ETH between May 27 and May 29.

Potential Loss:

Withdrawal Price: $3,876 per ETH

Current Price: Approximately $3,470 per ETH

Potential Loss if Sold: ~$3.6 million

Summary:

Recent Deposit: 8,762 ETH ($30.4 million) into Binance

Withdrawal Period: May 27 to May 29 at $3,876 per ETH

Potential Loss if Sold Now: ~$3.6 million

This whale's recent activity reflects strategic maneuvers following the SEC's approval of Ethereum ETFs, although the timing suggests a potential significant loss if the ETH is sold at current prices.