A significant whale transaction has been identified involving wallet 0xf84, which deposited 4,000 ETH valued at $12.85M to Binance.
Transaction Details:
Amount Deposited: 4,000 ETH
Value: $12.85M
Transaction Hash: 0xd1e5e1860aa49d4ac664916814577e81902910e4030c4439fb117fc68a039900
Whale Address: 0xf8497dc74ee2be4ffff0a92714344f5758a89236
Previous Activity:
Withdrawal: The whale withdrew 4,001 ETH from Binance at $3,526 per ETH on June 12, 2024.
Estimated Cost of Previous Withdrawal: $14.11M
Current Loss Estimate: If selling now, the whale would incur a loss of $1.25M, representing a -8.85% decrease in value after only 1.5 months.
This movement indicates a potential strategy shift by the whale, possibly liquidating or reallocating assets in response to market conditions.