Ethereum News Today: Binance Transfers $12M Ethereum to Wintermute Amid Price Surge Past $4,000

Binance transferred over $12 million worth of Ethereum (ETH) to Wintermute on August 8, 2025, as Ethereum prices surged past $4,000. The transfers, tracked from Binance’s hot wallets, involved tens of thousands of ETH and were directed to Wintermute-linked addresses across multiple exchanges, including Bybit, Kraken, and Gate [1]. Some transactions exceeded 3,000 ETH, with one notable movement of 8,000 ETH within a four-hour period. These transfers were not attributed to user withdrawals, according to blockchain data, but instead were interpreted as part of Binance’s internal inventory management [2].

The timing of the transfers coincided with a significant price increase in Ethereum, which climbed from the $3,800 range to over $4,055 within the same timeframe. However, the price rally showed signs of slowing, and the broader market experienced a pullback. In the 24 hours before the transfers, ETH liquidations totaled $188.7 million, signaling heightened volatility [4]. Market observers noted that the outflows may have contributed to the increased pressure in ETH markets, particularly in leveraged positions.

Wintermute, a major player in market-making and liquidity provision, has been historically linked to large-scale Ethereum purchases through over-the-counter platforms such as Galaxy and FalconX. While the firm’s exact role in the transfers remains undisclosed, its involvement underscores the influence of institutional players in crypto liquidity and price dynamics [5]. Binance has not released any public statements regarding the transfers, maintaining a low profile on the matter.

The strategic movement of assets between two major players in the crypto space has raised questions about transparency and liquidity management practices. Analysts suggest that such transfers can lead to volatility and price readjustments, especially in governance tokens and other liquid assets. The recent 82,500 SOL transfer to Wintermute—also not disclosed in a recent Proof of Reserves report—has added to these concerns [6].

Despite the large outflows, Ethereum’s price has remained stable near $4,030, maintaining most of its intraday gains. However, the market remains under pressure, with continued selling—whether from Binance or broader conditions—potentially influencing the sustainability of the recent rally. The coming sessions will be critical in determining whether $4,000 holds as a support level or fades as a temporary peak.

Source:

[1] Binance Transfers Massive Ethereum, Price Breaks $4K (https://coingape.com/binance-transfers-massive-ethereum-price-breaks-4k/)

[2] MartyParty - X (https://x.com/martypartymusic/status/1953504969497206937)

[3] gocka.eth - X (https://x.com/paul78767602?lang=en)

[4] Market Rallies as Trump Opens 401(k) Floodgates: Crypto Daybook (https://www.coindesk.com/daybook-us/2025/08/08/market-rallies-as-trump-opens-401-k-floodgates-crypto-daybook-americas)

[5] Quarterly revenue forecast surges 268-fold. How did (https://www.panewslab.com/en/articles/a7ab0aec-24c5-4158-8f57-de0c602b9d29)

[6] Bitcoin News Today: Binance Users Shift 496K ETH to BTC (https://www.ainvest.com/news/bitcoin-news-today-binance-users-shift-496k-eth-btc-august-por-report-2508/)