In the last 40 minutes, a newly created crypto wallet made waves by withdrawing over $4.4 million worth of UNI and ETH from Binance. The wallet withdrew 234,083 UNI tokens, valued at approximately $2.36 million, along with 485.765 ETH, worth around $2.04 million.
Such a large, swift move from a brand-new wallet has caught the attention of the crypto community. Whenever a fresh wallet moves massive amounts like this, it raises questions about intent—especially when it happens so quickly.
Large withdrawals from exchanges like Binance typically indicate long-term holding intentions. Traders often move assets to private wallets to hold, stake, or prepare for decentralized finance (DeFi) use, which suggests bullish sentiment.
UNI and ETH are both blue-chip assets in the crypto space. UNI powers Uniswap, one of the largest decentralized exchanges, while ETH is the foundational token of the Ethereum ecosystem. Moving millions in both tokens might show renewed investor confidence, or it could be preparation for something bigger—like governance activity or high-stakes DeFi plays.
Another newly created wallet withdrew 234,083 $UNI($2.36M) and 485.765 $ETH($2.04M) from #Binance in the past 40 minutes.https://t.co/lgg6wDkKty pic.twitter.com/KY3Zb63AGi
— Lookonchain (@lookonchain) August 20, 2025
Although the market hasn’t reacted sharply yet, whale activity often signals bigger trends ahead. If more wallets follow suit, we may be entering a phase of increased accumulation. Alternatively, this could be a single wallet repositioning for upcoming volatility or taking advantage of lower prices.
For now, it’s a clear reminder that whales are watching—and moving.
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By CoinoMedia
about 5 hours ago
