The transfer, flagged by on-chain analyst EmberCN, involved ETH withdrawn from Binance a month ago at $1,766, implying an estimated profit of about $1.4 million if sold.
Whale wallet geminisat.eth transferred 19,235 ETH valued at about $35.34 million to Binance roughly 15 minutes before the report on July 18. The move was highlighted by on-chain analyst EmberCN and involved Ethereum that had been withdrawn from Binance a month earlier when ETH was priced at $1,766. Based on that entry level, the transaction implies an estimated profit of about $1.4 million if the tokens were sold. Large transfers to exchanges are often watched closely by traders because they can signal potential selling pressure.