Key points
- On-chain trackers flagged a 17,836 ETH withdrawal from OKX—about $80–81M—linked to address 0x0C62…7C58.
- Crypto media amplified the alert, summarizing the outflow as “$81M worth of ETH withdrawn from OKX in the past 24 hours.”
- Separate flashes today also noted 12,410 ETH (~$54.0M) and 7,260 ETH (~$31.6M) withdrawn from OKX, potentially tied to the same entity’s accumulation.
What happened
A large Ethereum holder (“whale”) withdrew 17,836 ETH from OKX over a short window, an outflow valued at roughly $80–81 million based on spot pricing at the time. The move was first posted by Onchain Lens, which also shared the originating address 0x0C629Ef4a444eC3F7656618EaBa947bAd4172C58.
The alert circulated widely, including via Cointelegraph’s social feed, framing the event as $81M in ETH withdrawn from OKX within the last 24 hours.
Additional flows in the same window
Beyond the single $80M+ transfer, ChainCatcher (citing on-chain analysts) reported two more OKX withdrawals:
- 12,410 ETH (~$54.03M) in the past 4 hours, with notes that the address resembles a prior withdrawing entity.
- 7,260 ETH (~$31.64M) in the past ~14 hours.
Individually, the $80–81M outflow stands on its own; taken together with these subsequent pulls, the pattern suggests active accumulation and exchange outflows from OKX over the last day.
Why it matters
Large exchange outflows can reduce immediate sell-side liquidity, sometimes aligning with short-term resilience in spot markets—though attribution caveats apply (some flows can be internal rebalancing). Coverage of the initial 17,836 ETH transfer highlights this dynamic and its potential market implications.
What to watch next
- Follow-up moves from 0x0C62…7C58 (redeposits back to exchanges vs. transfers to DeFi/custody).
- OKX exchange balances and broader ETH netflows in the next 24–48 hours.
- Any confirmation from analytics firms if addresses are linked (or if activity is internal).
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