According to Onchain Lens, the wallet moved about $21.6 million in Ethereum off the exchange and now holds 17,811 ETH worth roughly $40.2 million.
A large crypto holder, often called a whale (investor with very large holdings), withdrew 9,600 ETH worth $21.6 million from Bybit, a cryptocurrency exchange, over the past five hours. Onchain Lens, an on-chain analytics tracker (blockchain transaction monitor), said the address now holds 17,811 ETH valued at $40.2 million. Such exchange withdrawals are commonly watched by traders because moving assets off an exchange can indicate a preference for holding rather than preparing tokens for immediate sale, although the source does not state the wallet’s intent.