Binance Sees Massive ETH Withdrawals as Ethereum Whales Accumulate $364 Million

In a striking display of confidence amidst a generally muted market, three major ethereum whales have collectively acquired $364 million worth of ETH within just 24 hours. Leading the charge was Abraxas Capital, which withdrew $36.4 million from Binance, continuing a two-month accumulation trend. A newly created wallet also joined the frenzy, absorbing $7.96 million from the same exchange. The most notable transaction involved addresses linked to Consensys, signaling strong institutional interest. This aggressive accumulation by deep-pocketed investors suggests bullish sentiment for Ethereum's long-term prospects, even as the broader market remains subdued. The concentrated buying pressure from these whales could foreshadow a significant price movement, with Binance serving as the primary liquidity source for these high-stakes acquisitions.

Ethereum Whales Accumulate $364 Million in ETH Amidst Muted Market Response

Three prominent Ethereum whales, including an entity linked to Consensys, have collectively acquired $364 million worth of ETH within 24 hours. Abraxas Capital led the charge with a $36.4 million withdrawal from Binance, continuing a two-month accumulation pattern. A separate new wallet absorbed $7.96 million from the same exchange.

The most significant transaction involved Consensys-affiliated addresses sourcing $320 million in ETH through Galaxy Digital, subsequently staking $120 million via Liquid Collective. Such concentrated buying typically signals strong conviction, yet ETH's price action remains range-bound, suggesting broader market participation is needed for sustained upward momentum.

On-chain data reveals a paradox: while these whale movements demonstrate institutional interest, large transaction volumes across the network show a declining trend. The divergence between isolated mega-transactions and overall whale activity leaves ETH in a consolidation phase, awaiting catalysts to convert accumulation into appreciable price appreciation.

XRP Price Prediction: Tight Range Forms – $5 Breakout Could Be Hours Away

XRP is showing signs of a potential breakout as a tight range forms on hourly charts, with bullish momentum spilling into higher timeframes. Despite a late-May dip erasing gains, June has reignited optimism, positioning XRP as a contender in the 'best crypto to buy' conversation.

The market treads cautiously amid U.S. trade concerns and a cooling labor market, but even minor upward movement could trigger significant momentum. A descending channel on the 1-hour chart hints at an imminent breakout, supported by high-volume candles and sharp upward volatility.

Zooming out to the 4-hour chart reveals a bullish flag pattern, with moderate volume increases on green candles signaling growing confidence. A sustained push could propel XRP toward $2.33, extending its June rally. However, broader macroeconomic uncertainties—including looming EU tariffs and U.S.-China trade negotiations—remain key sentiment drivers.

Cardano Faces Critical Juncture as ADA Tests Key Support Level

Cardano's ADA hovers NEAR a decisive inflection point, defending the $0.63 support while constrained by a descending trendline. The tightening price range suggests an imminent breakout or breakdown, with market participants closely monitoring the standoff between bullish and bearish forces.

Despite maintaining positive funding rates at +0.0017%, the declining OI-weighted metric reveals waning conviction among Leveraged traders. Binance's long/short ratio shows 71.97% of traders remain positioned for upside, creating potential squeeze conditions should support falter.

Liquidation clusters near $0.72 and shifting funding dynamics threaten to spark volatility. The market's extreme long bias contrasts with subtle cracks in trader confidence, setting the stage for a potentially violent resolution to ADA's consolidation pattern.

Maker (MKR) Whales Stake Big Despite 5% Price Dip, Signaling Long-Term Confidence

Maker (MKR) witnessed a 5% price decline alongside a 34% drop in trading volume, despite 60% of holders remaining in profit. Two fresh whale wallets withdrew and staked 1,502 MKR ($2.67M) on Binance, signaling strategic accumulation rather than speculative trading. The MOVE coincides with Maker's rebranding to SKY, which introduced staking capabilities.

Technical analysis reveals a bullish breakout from MKR's 2024-2025 downtrend, with the cryptocurrency now targeting resistance levels at $2,435. The staking activity reduces circulating supply, potentially creating upward pressure. Whale participation in governance suggests institutional interest in MakerDAO's decentralized finance infrastructure.