A giant crypto whale, identified by on-chain analytics firm Spot On Chain as ‘czsamsunsb.eth,’ has offloaded a staggering 33,000 Ethereum (ETH), worth a hefty $75.74 million, onto Binance. The move, observed just as the ETH price experienced a recovery, is raising eyebrows within the crypto community, given the whale’s historical pattern of transferring ETH to Binance before market downturns.
Notably, investors and analysts alike are now closely monitoring the situation, anticipating whether this substantial sell-off is an ominous precursor to an imminent crash in the Ethereum market.
Whale Moves 33K Ethereum To Binance
Spot On Chain’s recent post on the X platform highlighted the whale’s decisive action, unstaking and depositing an enormous 32,930 ETH to Binance when the token’s value hit $2,300. Notably, this transaction aligns with the whale’s historical behavior of shifting significant ETH volumes to Binance before witnessing notable price downturns.
Meanwhile, the ti
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