In the past week, there has been a remarkable $76.95 million in withdrawals from centralized exchanges (CEX) involving six primary Ethereum ecosystem tokens. Much of this activity has been driven by new wallets and first-time accumulators.
The ENA token saw a significant increase of 31.05% over the last seven days. A new multi-signature wallet, known as “0xe68,” withdrew 34.65 million ENA, amounting to $45.61 million. This wallet saw a substantial return, gaining $3.2 million in just a week. Additionally, two other multi-sign wallets, “0xc7e” and “0x8be,” withdrew a total of 19.66 million ENA, resulting in a profit of $657,000 in just 19 hours.
PEPE token experienced a dramatic surge of 45.5%. A major contributor to this increase was a whale, “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 also rose by 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 saw a gain of 16.5% over the week as two whales withdrew 39,762 AAVE valued at $4.06 million from Binance, priced at around $102 each approximately three hours ago. Similarly, UNI experienced an increase of 28.5%, with whale “0xbbd” withdrawing 214,465 UNI valued at $2.08 million from Binance for $9.69 each around two hours ago.
ENS witnessed a surge of 72.3%. Whale “0x43c” successfully withdrew 82,041 ENS valued at $2.06 million from Binance, priced at $25.13 each, about three hours ago. The significant withdrawals and subsequent gains indicate a trend of investors moving assets off exchanges, possibly to manage risks or speculate on future price increases. This activity highlights a strong week for the Ethereum ecosystem, with substantial capital flows and price dynamics likely to impact future market behavior.