According to Lookonchain, a wallet associated with Cumberland has withdrawn 27,632 ETH, valued at $50.24 million, from exchanges Copper, Binance, and Coinbase within the past three hours (source: Lookonchain, April 29, 2025; intel.arkm.com). This significant ETH outflow from major exchanges suggests institutional accumulation, potentially reducing available exchange supply and impacting short-term price dynamics. Traders should monitor exchange reserves and whale wallet activity for potential bullish momentum in Ethereum trading setups.
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ETH Whale Accumulation: Cumberland Wallet Withdraws $50.24M in Ethereum from Copper, Binance, and Coinbase – Blockchain News
