Whale Moves 6,404 ETH to Binance Amid $21 Million Transaction – What It Means for Ethereum

According to a recent analysis by on-chain expert Embermonitor, a significant transaction involving a whale has been reported as they unstaked 6,404 ETH, valued at approximately $21.01 million, and subsequently transferred this amount to Binance. This transaction is part of a broader trend observed over the past two days, during which a total of 14,268 ETH—approximately $45.39 million—has been moved to the Binance exchange. The average transfer price for these tokens was around $3,181, notably lower than the price at which they were originally withdrawn from Binance nine months prior, highlighting a potential realized loss for the whale involved in these transactions. These developments are critical for market participants, reflecting ongoing liquidity shifts within the cryptocurrency ecosystem.