On August 10, according to monitoring by The Data Nerd, a whale address beginning with 0x9fb deposited 2,600 ETH into Binance, amounting to approximately $6.78 million.

Reportedly, these ETH were originally staked with Lido last year when the price of ETH was around $1,650. The significant deposit has garnered attention in the crypto community, as large movements like this can often indicate upcoming market activity.