Massive Ethereum Withdrawal From Centralized Exchange Raises Concerns

A significant withdrawal of Ethereum from a centralized exchange has triggered concerns among analysts. On August 15th, one newly created wallet address sent 17,591 ETH worth around $30 million to a separate blockchain within just two hours. This act followed another instance where two newly minted wallets collectively withdrew a staggering 71,025 ETH from the same exchange over the past three days. The total value of this withdrawal is estimated at approximately $330 million.