Gnosis Safe Proxy Wallet Deposits 28,970 ETH Worth $59.05M to Binance
A Gnosis Safe Proxy wallet (0x23A5) deposited 28,970 ETH valued at $59.05 million into Binance in a single on-chain transaction, Arkham Intelligence data show. The use of a Gnosis Safe multisig indicates the funds are controlled by an institutional or high net worth participant rather than a retail wallet. A transfer of this size to an exchange is typically viewed as a presale-style move, signaling preparation to deploy a substantial amount of ETH into the market.