On-chain data has been gaining the attention of a significant Ethereum whale after large inflows of Ether were documented from Binance wallets in late January 2026. The newest transfers, totaling hundreds of millions of dollars in ETH, indicate that the whale is once again taking a tough position in the market.

According to the data given by CoinMarketCap, at the time of writing, the coin is trading at $2,913.79, with a 1.09% increase. The market cap of the token has exceeded $351.64 billion, and the volume of the coin is around $35.48 billion.

Also Read: Ethereum Whale Returns, Borrows $2M via Aave as AAVE Targets Breakout

Large Ethereum Transfers From Binance

Blockchain tracking figures indicate multiple ETH inflows from Binance hot wallets to a single external address within a brief span of time. According to publicly visible monetary deals, the address received several enormous transfers. This includes batches of approximately 11,000 ETH, 21,000 ETH, and a larger transfer of approximately 40,000 ETH.

Merged, these transactions come up to about 304,200 ETH, priced at approximately $304 million at prevailing market prices. The repeated traits of the transfers means a coordinated action rather than isolated activity.

The movement has been underscored by cryptocurrency analyst Ted Pillows, who indicated that the same entity had previously been related with short positions ahead of the October 10 market crash.

Market Context and Transparency

The asset’s blockchain allows real-time transperency into large transfers, but it does not show whether the ETH will be utilised for spot holding, derivatives collateral, or other monetary strategies.

As a result, the larger market can only analyze the facts of the action itself. This means the amount transferred, the source wallets, and the conventional context of the address involved.

According to the data given by CoinCodex, the 200-day simple moving average in the long run is projected to reach $3,500.07. The 50-day simple moving average (SMA) in the short term is projected to reach $ 3,073.09. All these figures reflect a gradual but certain movement towards the higher ground.

No formal decalration has been made by the wallet owner or Binance relating the purpose of the transfers. Analysts have charecterized the action as “doubling down” on Ethereum, inidicating the size and timing of the inflows relative to nearest value movements.

Also Read: Ethereum Slides as Dormant Whale Moves $145M ETH

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Filed under: Bitcoin - @ January 27, 2026 1:00 am