Whale Deposits 4,732 ETH Worth $11.99M, Eyeing $1.08M Profit Amid Ethereum’s Historic Highs

On-chain data reveals a significant transaction as a whale address recently transferred 4,732 ETH to a trading platform within an eight-hour window, valued at approximately $11.99 million. This strategic move, highlighted by analyst Ai Auntie (@ai_9684xtpa), indicates potential market activity from a major holder. The same wallet previously withdrew 10,900 ETH from Binance during April-May 2021 at an average cost basis near $2,305 per ETH. Notably, when Ethereum hit its all-time high of $4,891, this position’s unrealized gains peaked at over $28 million. Such data underscores the importance of monitoring whale movements to gauge market sentiment and liquidity shifts within the crypto trading ecosystem.