Ethereum$ $ETH $SOL $BTC Whale Awakens: 97,000 ETH on the Move — Is History About to Repeat? Binance article
A significant Ethereum whale has recently moved 97,000 ETH, valued at approximately $250 million, to Binance, reigniting concerns about a potential market sell-off. This action mirrors previous instances where large transfers to exchanges preceded price declines, prompting traders to closely monitor the situation.
The whale, associated with the ARB Foundation, initiated the transfer by moving 60,000 ETH to Binance, followed by an additional 30,000 ETH within a 24-hour period. Such substantial movements often signal an intent to liquidate holdings, leading to speculation about the foundation's future plans. The timing of these transfers coincides with a slight dip in ETH's price, suggesting that the market may be absorbing the increased supply.
Historically, similar whale activities have resulted in short-term price volatility. For instance, in December 2024, a whale linked to Nexo deposited over 114,000 ETH into Binance, leading to concerns about a potential market downturn.
Currently, ETH is trading at $2,559.41, reflecting a 0
