On-chain data shows significant ETH transfers to Binance, including a May 6 move of 166,023 ETH worth about $395 million reported by Onchain Lens and a separate transaction in which a wallet redeemed 14,062 ETH from Ether.fi before sending about $32.82 million in ETH to the exchange. The wallet tied to the larger transfer still held 381,695 ETH worth about $907 million after the deposit. Such exchange inflows are closely watched because they can indicate preparation for trading, rebalancing, liquidity management, or a potential sale, though the transactions alone do not confirm that any ETH was sold.