Digital asset management company Metalpha has once again made headlines with its Ethereum (ETH) transaction.

According to data provided by on-chain analysis platform Lookonchain, Metalpha took action for Ethereum again on September 11.

The company transferred 21,999 ETH worth $51 million to the cryptocurrency exchange Binance. Experts noted that this transfer was a pre-sale preparation transaction.

Especially considering the recent fluctuations in the cryptocurrency markets, such transactions made by large investors play a critical role in shaping the future movements of investors.

The company transferred a total of 55,588 ETH worth $128.7 million to exchanges for sale in the last 5 days. Metalpha frequently preferred Binance in its transactions.

According to CoinGecko data, Ethereum, which has increased by 0.3% in the last 24 hours, is trading at $2,286 at the time of writing.