A16z-Linked Wallet Withdraws 25,560 ETH ($42.6M) From Binance, Per Onchain Data

According to onchain tracker Lookonchain, a wallet linked to venture capital firm a16z withdrew 25,560 ETH, valued at approximately $42.6 million, from Binance. The move typically signals accumulation, as moving assets off centralized exchanges into self-custody suggests intention to hold rather than trade.

The withdrawal comes as Ether trades near $1,670, significantly below its all-time high of $4,946. A16z has remained active in onchain markets throughout 2026, including building a roughly $192 million position in Hyperliquid's HYPE token.