Ethereum Withdrawal Sparks Interest From Analysts: $11.7 Million Moved in Three Hours

A significant transaction involving a notable amount of Ethereum was detected on May 27th by the blockchain analytics platform Lookonchain. TechFlow reported that four newly created wallets moved a total of 4,392.6 ETH from a centralized exchange (CEX) over a three-hour span. This substantial withdrawal has piqued the interest of cryptocurrency analysts who are monitoring the activity closely.