As the cryptocurrency market experiences volatility, significant Ethereum (ETH) holders, often referred to as "whales," appear to be engaging in panic selling. On-chain analytics firm Lookonchain reported substantial ETH deposits to major cryptocurrency exchanges, Coinbase and Binance. Specifically, Whale 0x1D8d deposited 17,972 ETH to Coinbase, while Whale 0x5A8E transferred 13,521 ETH to Binance. An additional 3,003 ETH was deposited to Binance by Whale 0x3684. These large deposits to exchanges often signal an intent to sell, contributing to downward price pressure on ETH. The reason for this apparent panic selling is likely tied to broader market concerns and the desire to mitigate potential losses. Monitoring whale activity provides valuable insights into market sentiment and potential future price movements. Investors should exercise caution amidst the ongoing market fluctuations. ```

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