In a notable transaction, a whale address identified as 0xAaf has moved a substantial 5,156 ETH to Binance, equating to a value of approximately $15.86 million, according to data from on-chain analyst @ai_9684xtpa. This transaction occurred within a rapid timeframe of just six hours and indicates a potential realized profit margin of $2.815 million upon liquidation. Over the past months, this wallet has been an active participant in the market, having accumulated nearly 19,992 ETH since January 2024, acquiring assets at an average price of $2,550. Furthermore, of the total holdings, 7,772 ETH were previously deposited into Ether.fi, although all have been extracted in the last month, reflecting a strategic repositioning of assets within the volatile cryptocurrency landscape.
Source: https://en.coinotag.com/breakingnews/whale-transfers-5156-eth-to-binance-highlighting-major-movements-in-the-ethereum-market/