A mysterious cryptocurrency whale has purchased a staggering 60,000 Ethereum (ETH) on Binance, sparking widespread discussion and speculation within the crypto community. This enormous transaction, valued at approximately $240 million, has left many wondering about the identity and motives of the anonymous buyer.

According to Whale Alert, a prominent blockchain sleuth, the unknown whale withdrew 50,000 ETH from Binance to an unregistered wallet, worth a whopping $192,569,042. This was followed by another massive withdrawal of 10,000 ETH, valued at $39,768,424. The crypto community is abuzz, attempting to unravel the mystery behind these substantial transactions.

Binance, the world's largest cryptocurrency exchange, recently announced a temporary suspension of Ethereum deposits and withdrawals for maintenance purposes. This brief suspension, which began on May 29 at 7:00 a.m. UTC, aims to perform essential updates on the Ethereum wallet. Once completed, withdrawals and deposits will resume, according to a Binance blog post.

The Ethereum community is still reeling from the recent news that the U.S. Securities and Exchange Commission (SEC) gave the green light to spot Ethereum ETF filings. This preliminary approval has sparked optimism, with many expecting a positive outcome at the SEC meeting in June. Ethereum-based exchange-traded funds have obtained initial approval, and the community eagerly awaits the final decision.

The Ethereum price has been trading sideways since the approval, moving within the $3,700 and $3,820 boundaries. On Sunday, ETH attempted a breakout, rising to the $3,957 peak (+5.83%) within three days, followed by a 3.56% decline. At the time of writing, ETH is changing hands at $3,816.

The mysterious Ethereum whale's purchase has added fuel to the fire, leaving many wondering if this is a sign of things to come. As the crypto community continues to speculate, one thing is certain - the world of cryptocurrency is full of surprises, and this latest development is just the beginning.