TechFlow reports, according to on-chain analyst烬 (Yujin), an address withdrew 8,014.6 ETH (approximately $25 million) from Binance 6 hours ago. Within the past 24 hours, this address has cumulatively withdrawn 24,463.3 ETH (around $75 million) at an average price of $3,066 per ETH.
This address likely belongs to Elwood: Over the past day, Elwood minted and transferred $75 million worth of USDC from Circle to Binance, then used this address to withdraw $75 million worth of ETH (24,463.3 ETH) from Binance.
- On the evening of July 9, $50 million USDC was transferred into Binance; in the early morning of July 10, $50 million worth of ETH (16,448.7 ETH) was withdrawn from Binance;
- On the evening of July 10, $25 million USDC was transferred into Binance; in the early morning of July 11, $25 million worth of ETH (8,014.6 ETH) was withdrawn from Binance.
The 24,463.3 ETH (approximately $75 million) is currently held in the address 0x867...78b.
