Three wallets—likely tied to the same whale—unstaked 14,942 ETH (about $64.38 million) and deposited it to Binance Exchange within the past hour, according to Lookonchain on X. Deposits to exchanges are generally seen as an indication of intent to sell. However, not all deposits to exchanges necessarily result in sales.
Whale cluster moves $64.4M in unstaked ETH to Binance
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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