ETH Whale Network Moves $94M to Exchanges — Coordinated Exit or Strategic Shift?

Over the past 6 days, whales and institutions have collectively deposited 38,100 ETH (worth $94.2 million) to major exchanges — a wave of activity that’s raising eyebrows across the market.

It all appears to trace back to one key address:

🔍 0x26BbffEF29c50F607BE20D98cB44fbFc64cc50DF

Since June 27, this wallet has distributed 39,700 ETH to 8 separate addresses, which then funneled ETH into dozens of newly created wallets, ultimately making their way to exchanges. The exact motive remains unclear — whether it's part of a coordinated offloading strategy, rebalancing, or something else entirely.

But one thing’s clear: big $ETH is on the move. Watch this space.