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Wallet linked to Kanye West withdraws 2,074 ETH worth $4.7m from Binance

NewsFeeds update

A wallet linked to Kanye West withdrew 2,074 ETH worth $4.7m from Binance shortly after withdrawals resumed, on-chain analyst ai_9684xtpa says. The address sold 1,390 ETH on-chain after news of the Binance hack on 30 Oct to cut liquidation risk, and borrows $27.7m in stablecoins against 21,109 ETH of collateral.

EthereumCoinNessAIBearish

Read the original on CoinNess

The story so far: Large ETH holder accumulation

An address linked to Kanye West has been accumulating ETH, with an average entry around $2,450, and pledged ETH on Aave to borrow stablecoins. It sold 1,390 ETH at an average of $2,275.6 for a $3.16m loss, then withdrew 2,074 ETH worth $4.7m from Binance after withdrawals resumed. The address (0x4AB…845b8) withdrew…

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  1. Address withdraws 1,420 ETH from OKX and stakes it on Lido, on-chain analyst says

  2. Large ETH holder adds $3.36m, total purchases reach 2,656 ETH

  3. Whale adds 3,288 ETH as ether falls, on-chain analyst says

  4. Whale adds 9,000 ETH to long position, average falls to $2,553.31

  5. Ai Yi says suspected Kanye West address pledges 18,500 WETH to borrow $25.0m

  6. Ai Yi says Kanye-linked address has $2.48m paper loss on ETH long

  7. Kanye West-linked address sells 1,390 ETH at a $317,000 loss

  8. Wallet linked to Kanye West withdraws 2,074 ETH worth $4.7m from Binance

  9. Address withdraws 3,300 ETH from Binance, taking total to 13,077.46 ETH

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Every Ethereum update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.