40,000 ETH, worth around $140 million, was transferred from an anonymous wallet to a Bitfinex address, according to Whale Alert. The transaction occurred on [date]. The purpose of this large ETH transfer is unknown, but it could be related to a number of factors, such as: A whale moving their ETH to Bitfinex for trading or staking. An exchange or institution depositing ETH into Bitfinex. * A large OTC trade. The transfer is a sign of the growing popularity of Bitfinex as a destination for large ETH transactions. Bitfinex is one of the largest and most liquid cryptocurrency exchanges in the world, and it offers a variety of features that make it attractive to large traders, such as low fees and high liquidity. The transfer also highlights the increasing use of ETH for large transactions. ETH is the second-largest cryptocurrency by market capitalization, and it is increasingly being used for a variety of purposes, such as payments, remittances, and decentralized finance.

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