Ethereum Faces Sell-Off Risk as Whale Moves $1.35 Billion in ETH to Binance
BeInCrypto
A crypto whale has transferred $1.35 billion in Ethereum to Binance, heightening market concerns regarding potential sell-off pressure.Summary
A whale investor named Garrett Jin recently moved 577,896 ETH, valued at $1.35 billion, to the Binance exchange over a four-day period. This substantial inflow, combined with recent activity from institutional giants like BlackRock and Fidelity—who deposited over 35,000 ETH into Coinbase Prime—has significantly increased Ethereum exchange reserves. While such transfers do not guarantee immediate liquidation, market analysts are closely monitoring these shifts as they contribute to a growing supply overhang on centralized exchanges.
(Source：BeInCrypto)