A wallet dormant for over two years has cumulatively withdrawn approximately 34,600 ETH from Binance.

A wallet dormant for more than two years withdrew roughly 34,601 ETH, worth about $73.75 million, from Binance over a three-hour window, according to Lookonchain monitoring. The withdrawal marks the first notable activity from the address in over two years and shifts a sizable ETH balance off the exchange. The move matters because large exchange outflows can signal accumulation or long-term holding intent rather than near-term selling. Traders will watch whether the wallet continues withdrawing from Binance or moves the ETH on-chain, and whether other dormant addresses follow suit.