🔐 Nexo moves 48,321 ETH (~183M USD) from EtherFi to Binance and Aave
In the last hour, Nexo withdrew 48,321 ETH, valued at approximately 183 million USD, from the restaking protocol EtherFi to Binance, and then transferred another 20,000 ETH (~75.6M USD) to Aave, according to on-chain analyst (EmberCN). These multiple operations reflect a liquidity management strategy: deposit in exchange and relocation to a DeFi protocol to generate yield.
Massive entry to spot on Binance could suggest selling or reserve preparation, while the transfer to Aave indicates interest in yield.
For Binance users, this dynamic may herald volatility in ETH, especially if selling or staking orders intensify.
