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PANews, citing Lookonchain, reported that address 0xC356 withdrew 34,601 ETH from Binance.
After being dormant for over 2 years, an address withdrew approximately 73750000 USD worth of ETH from Binance
PANews November 9 news, according to Lookonchain monitoring, after being dormant for over 2 years, wallet address 0xC356 withdrew 34,601 ETH from Binance in the past 3 hours, worth 73750000 USD.
Source: https://www.panewslab.com/zh/articles/01a1bf10-7b28-7217-a7a2-dae370a118ae
PANews reported the news on November 9.
PANews said the information came from Lookonchain monitoring.
Reportedly, the wallet address "0xC356" had been dormant for more than 2 years.
According to reports, the address withdrew 34,601 ETH from Binance in the past 3 hours, worth approximately 73750000 USD.
The following is analysis, separate from reported facts. Verify important claims independently.
This message describes a large on-chain asset transfer: ETH was transferred from Binance to the wallet address 0xC356. The original text only states the withdrawal action, without explaining the ownership of the funds, the purpose of the transfer, or their subsequent use.
Large ETH withdrawals from exchanges are worth noting, but this transfer alone cannot determine whether the address intends to hold, move, or perform other operations, nor can it confirm its impact on the ETH price.
Beginners should regard this as on-chain activity that requires continued observation, and should not judge the rise or fall of ETH or make trading decisions based solely on a single large withdrawal.
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