Whale deposited 43.88K ETH (~$108M) to major exchanges, signaling potential selling pressure.
Macro & Markets ·
A significant ethereum transfer to major trading venues has drawn attention to potential selling momentum. Within a single day, approximately 43.88K ETH valued near $108.04M moved into deposit wallets at Binance, OKX, Bybit, Kraken, and Gate. The activity was tracked at wallet address 0x2Ea212A3b33DA76c182A512385694A4111ac5d91.
The concentration of supply onto exchanges follows a recent inbound transfer to the same wallet. That preceding movement brought in 51.39K ETH—roughly $125.94M in value—sourced from another address that had itself accumulated the holdings from Coinbase Prime. The layered flow suggests deliberate repositioning through institutional infrastructure.
Large deposits to exchange wallets typically precede sales, though intent remains speculative. What remains unclear is whether the whale plans to execute an immediate sale, distribute over time, or hold the assets on the platforms for other purposes. Market impact will depend on execution pace and concurrent buying interest.