While James Wynn Longs ETH, Two Whales Quietly Send Over $11M to Binance

James Wynn—the famed “son of the version”—is loudly bullish on Ethereum, but the charts are telling a more nuanced story. In the last three hours alone, two wallets quietly deposited a total of 4,241 $ETH to #Binance , worth roughly $11.26 million. These moves suggest profit-taking… or capitulation.

Here’s the breakdown:

1️⃣ Address: 0x55eA3e38fA0aA495b205fe45641A44cCC1C3DF26

This wallet opened a position at $1,822 on May 8 and was liquidated twice, including 3 hours ago. Despite the liquidations, it’s in the green—sending #ETH to Binance at an average price of $2,603. If all ETH is sold, it will walk away with a $3.24 million profit.

2️⃣ Address: 0x016B4F3cFf949fA17C4C7437B50A767c99c19368

This one bought ETH during the $2,743 highs between March and May 2024. Two hours ago, the wallet deposited 2,091 ETH. If sold, it would lock in a $174K loss, making this a painful exit.

While the spotlight is on James Wynn’s massive long position, these quiet sell-side pressures show ETH is far from one-sided. Is the market running out of steam—or is this just a pit stop before another leg up?