On May 26th, COINOTAG reported that a significant player in the cryptocurrency market, recognized as a “whale,” recently made a notable move by depositing 5,000 ETH into Binance. This transaction, valued at approximately $12.76 million, reflects strategic trading behavior, as the entity has previously demonstrated a keen ability to buy low and sell high. Notably, since May 2025, this address has amassed a remarkable 55.8 million ETH at an average acquisition cost of $2,349 per token. Currently, it holds around 88,710.12 ETH, translating to an impressive market valuation of approximately $228 million. The entity’s unrealized gains have reached $19.64 million, underscoring effective asset management strategies. Such significant transactions not only highlight the ongoing activity among institutional investors but also influence overall market sentiment.