A whale deposited 8,000 ETH, worth approximately $18.65 million, into a CEX.

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According to @ai_9684xtpa, the whale that received 40,000 ETH from Genesis Trading OTC four days ago recharged 8,000 ETH to Bybit, OKX and Binance six hours ago, which is about 18.65 million US dollars. If sold, it will lose 6.68 million US dollars. The total value of these 40,000 ETH is 126 million US dollars, with an average price of 3,167 US dollars. At present, there are 28,587 ETH left in the address, with a floating loss of 18.43 million US dollars. Judging from the operation records, the address may belong to an institution.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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