Whale Alert: Within 10 minutes, $10.56 million in ETH has been targeted at Binance. Is a storm coming?
On-chain data shows that a whale address, which "built a position of 19,992 ETH at an average price of $2,550 in 2024," deposited 2,700 ETH to Binance three hours ago, worth approximately $10.56 million. If they choose to sell, this move will easily lock in a profit of $3.67 million!
Even more chilling is the fact that the address currently still holds 13,162 ETH, with a market value of up to $51.55 million. The whale's actions at this moment are thought-provoking: is it a high-level liquidation for profit, or is it building momentum to guide new market fluctuations? Market sentiment may change as a result, and investors need to closely monitor subsequent developments.
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