Binance Moves Massive ETH to Wintermute Amid Price Surge

Crypto exchange Binance transferred substantial amounts of Ethereum (ETH) to Wintermute shortly after the token surged past $4,000. Arkham Intelligence reports that Binance executed these transfers within hours of the price jump. The transactions involved transferring batches ranging from 250 to 500 ETH, with larger movements exceeding 3,000 ETH. One transfer even reached 8,000 ETH in a four-hour window. Notably, these moves coincide with key Ethereum ecosystem developments such as SharpLink’s $200 million fundraising effort for its treasury.