Separate on-chain reports also flagged a Hyperliquid-linked trader moving 6,855.13 ETH to Binance at a possible loss, underscoring market focus on large ETH transfers to exchanges.
An Ethereum whale transferred 2,010 ETH worth about $3.3 million to Binance after seven months of inactivity, according to Odaily citing Onchain Lens. That wallet had previously withdrawn 10,026 ETH for $29.26 million and still holds 8,016 ETH worth about $13.24 million, leaving it sitting on an estimated $12.7 million loss. In a separate report, on-chain analyst Ai Yi said a Hyperliquid-linked trader moved 6,855.13 ETH worth about $11.02 million to Binance; the ETH was accumulated in February and March at an average price of $1,991, and a sale at current levels would imply a loss of about $2.625 million. Large transfers to exchanges are often monitored as potential signs of selling pressure, but neither transfer by itself confirms a sale.