ETH Whale Capitulates: Transfers 2,507 ETH ($10.86M) to Binance, Facing $373K Loss
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
According to COINOTAG News and on-chain monitoring by @ai_9684xtpa, a reported crypto whale that opened a $4,480 ETH position three weeks ago has capitulated and transferred its entire holding — 2,507 ETH — to Binance roughly four hours ago; traders often flag such moves as ETH whale liquidation events, though the transfer itself does not confirm immediate sale.
Market on-chain analysts note that an immediate disposal of this lot would realize an estimated loss near $373,000 versus entry, potentially adding transient sell pressure to spot and margin venues; participants should treat the Binance deposit as a verifiable transfer event and await exchange trade prints to confirm any executed liquidation.