September 14, 2025 – HighwayCrypto

According to BlockBeats On-chain Detection, a newly created wallet has withdrawn 10,000 ETH — valued at approximately $46.4 million — from a centralized exchange (CEX) within the past three hours. The movement was flagged by monitoring tool Onchain Lens, which tracks large-scale blockchain transactions.

A newly created wallet has withdrawn 10,000 ETH — valued at approximately $46.4 million —

Such sizable withdrawals from centralized exchanges are often interpreted as a sign that the holder intends to store assets off-exchange, either for long-term holding or to reduce counterparty risk. Analysts note that these moves can also signal increased confidence in Ethereum’s long-term value.

At present, the identity and intentions behind the wallet remain unknown. However, the transaction has drawn attention across the crypto community, sparking speculation about whether it could be linked to institutional accumulation or whale activity.

The withdrawal comes at a time when Ethereum continues to play a pivotal role in DeFi and broader blockchain development, making large on-chain movements a closely watched indicator of market sentiment.