An Ethereum (ETH) whale has recently executed a series of transactions, carrying out a considerable movement of funds across various platforms. The blockchain analytics platform Spot On Chain initially brought to light this activity, involving roughly $46.02 million in ETH tokens. Deciphering The Whale’s $46M ETH Transfer Across Major Platforms The whale, operating through a network of eight wallets, initiated the withdrawal of these funds from major exchanges, Binance and Bitfinex. The complexity of these transactions did not end there. Following the withdrawals at an average price of around $2,419 per ETH, the whale engaged with Lido, a prominent liquid staking solution. Related Reading: Ethereum’s Tipping Point: Analyst Warns Of Steep Drop To $2,000 This move involved withdrawing 50.15 million USDT from Aave, a well-known decentralized finance (DeFi) protocol, and exchanging the stablecoin for 19,021 ETH, amounting to $46.02 million. Spot On Chain also revealed that three wallets still hold about 30 million USDT in Aave. Over the past 2 days, an entity with 8 wallets withdrew $46.02M in $ETH from #Binance and #Bitfinex at ~$2,419, then staked with #Lido: – 5 wallets withdrew 50.15M $USDT f ..
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