ChainCatcher Message: The blockchain data monitoring platform Lookonchain reports that a whale associated with Nexo has recharged 4,946 ETH to Binance in the past hour, worth approximately 17.2 million USD. This movement has attracted widespread attention in the market.

Since December 2nd of last year, Nexo has cumulatively recharged 114,262 ETH to Binance, with a total value of approximately 423.3 million USD, at an average price of 3,705 USD per ETH. Such a large-scale flow of funds may have a certain impact on market prices and rankings by market capitalization, and is worth investors' close attention.

The changes in this on-chain data remind us that when paying attention to market dynamics, we should conduct a comprehensive analysis by combining various information to better understand market trends.