The wallet had accumulated 9,891 ETH on Binance in 2024 at about $3,011 and moved roughly half of that position, valued at $9.42 million, back to the exchange one hour ago.
An Ethereum whale transferred 5,000 ETH to Binance one hour ago, moving tokens worth $9.42 million while sitting on a paper loss of about $5.63 million. The wallet had accumulated 9,891 ETH on Binance in 2024 at an average price of about $3,011, according to Odaily, which cited on-chain analyst EmberCN. Using the cited accumulation price and a current price of $1,885, the position was underwater after a two-year hold. Large exchange inflows are often watched by traders because they can indicate preparation to sell, although the transfer alone does not confirm a disposal.