A newly created wallet address on the Ethereum network has withdrawn 20,000 ETH tokens worth $36.86 million from Binance exchange. It is unclear whether the funds were consolidated after buying Ethereum based on the Fear, Uncertainty and Doubt (FUD) surrounding the industry.

The withdrawal has sparked speculation about whether the whale used the assets to escape the uncertainty surrounding Binance, leading to fears of a ripple effect in sell-offs that could drive the fall of Ethereum. Binance is currently facing a lawsuit from the SEC, which has placed the exchange in a state of uncertainty that could lead to sell-offs and withdrawals. However, industry leaders believe that Binance has the potential to rise above the charges in the long term.