According to data from OnchainLens monitored on February 3, a newly created crypto wallet linked to HashKey Capital’s manager, jacobzhao.eth, recently withdrew approximately 6,370 ETH from Binance, with a total value of around $14.73 million.

This on-chain activity has drawn market attention, indicating that institutional investors continue to maintain a positive stance toward Ethereum despite current market conditions. Below are the key details of the transaction:

  • Transaction date: February 3, 2024
  • Amount transferred: Approximately 6,370 ETH
  • Estimated value: Around $14.73 million
  • Wallet address: 0xD50Cb3E9b89d0aFcA0c69D8329ca26fc6e892d80

This move may suggest continued confidence in the long-term outlook for the Ethereum ecosystem.