Based on a recent analysis, an Ethereum [ETH] whale has transferred a substantial amount of ETH away from an exchange. In light of this recent transaction, what is the status of the supply of ETH held on exchanges? A recent analysis by Lookonchain revealed that an Ethereum whale has been actively moving ETH out of the Binance exchange. According to data from Etherscan, this whale withdrew 8,968 ETH on 4 November and an additional 8,618 ETH on 5 November. With these moves, the total withdrawal amounted to 17,316 ETH over the past two days. As of press time, the whale’s total withdrawal from the exchange reached nearly $32 million.