AethirCloud, a project dedicated to decentralized GPU cloud infrastructure, has been making significant strides recently.

Despite the broader market downturn, Aethir is showing bullish trends on all timeframes on CoinMarketCap, currently up 4% over the past 24 hours.

On-chain data reveals that Whale 0xe2338 (icrypto.ai/wallet/0xe2338…) recently withdrew 3.6 million $ATH, valued at $237.73K, from Bybit.

This whale has been consistently withdrawing $ATH from centralized exchanges like Bybit, OKX, and Gate since June 13. To date, this address has withdrawn a total of 91 million $ATH, equivalent to approximately $6 million.

20 hours ago, Whale 0xe2338 (https://t.co/ckJz1XFgGx) withdrew 3.6M $ATH ($237.73K) from #Bybit

Noteworthy:
– This whale continuously withdraw $ATH from CEX like #Bybit, #OKX, and #Gate since June 13

– The total withdrawn by this wallet is 91M $ATH ~ $6M.

Signals from Smart… pic.twitter.com/ddjPvTuWxA

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 8, 2024

The continuous withdrawals by this significant holder indicate strong confidence in the project and suggest a strategic accumulation of $ATH tokens. As the project gains traction and demonstrates resilience in a declining market, the actions of Whale 0xe2338 may be seen as a bullish signal for other investors.

Overall, AethirCloud’s recent performance and the substantial withdrawals by a major holder highlight the project’s potential and growing investor confidence. As the decentralized GPU cloud infrastructure continues to develop, AethirCloud remains a project to watch in the cryptocurrency space.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: kebox/123RF // Image Effects by Colorcinch

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