On-chain monitoring: Whales transferred ETH worth $21.97 million to the exchange, which may bring nearly $9 million in revenue for recent operations
According to on-chain monitoring data, in the last 10 minutes, a whale transferred 7,000 ETH worth about $21.97 million to the exchange. The operation of this whale has attracted widespread attention in the market, especially considering his past operation history.
It is understood that the whale withdrew 12,905 ETH from the exchange at a price of $1,865 on April 27, 2023 and deposited them in Lido. A few days ago, he redeemed 7,000 ETH from Lido and transferred them to the exchange in recent operations. If he chooses to sell these 7,000 ETH, it will bring him about $8.91 million in revenue.
There may be a variety of motivations and strategies behind this series of operations. The behavior of whales may be affected by factors such as market volatility, technical analysis and risk management. However, whether for profit or other purposes, this large transfer behavior reflects the activity of the market and the strength of the participants.
