A newly created wallet has reportedly moved 42,225 ETH from Binance, a sum valued at approximately $120 million. While unconfirmed by sources including Binance CEO Changpeng Zhao or Ethereum co-founder Vitalik Buterin, the withdrawal is causing ripple effects in the cryptocurrency market. It remains unclear if this transfer occurred as there’s no official confirmation from Binance itself. However, it could significantly alter ETH liquidity dynamics and may trigger regulatory scrutiny. 42,225 ETH represents a significant transaction volume that is yet to be verified by any confirmed sources. While no immediate market impacts have been observed, the event is drawing attention from industry analysts who scrutinize large withdrawals for potential market or regulatory implications.