Ethereum Whale Transfers $257 Million in ETH to Binance

Recent whale movements include multimillion-dollar ETH sales and large exchange deposits, underscoring notable market shifts among major holders.

ETH
CBBTC

Summary

An Ethereum whale address, previously realizing about $99.22 million in ETH trading gains, has made further significant moves. On Feb. 2, on-chain analyst Ai Yi reported that in the past 15 hours it sent 12,058.4 ETH worth $28.26 million to OKX. Since Jan. 20, this whale has likely sold 33,680.4 ETH, incurring an estimated $13.61 million loss. Earlier activity included withdrawing 20,392 ETH worth $47.17 million and opening a 500 cbBTC position valued at $38.74 million. Previously, the whale moved 106,183.97 ETH ($257 million) to Binance and had accumulated 55,262.16 ETH worth $172 million at an average $3,120 since Dec. 5, 2025.

Terms & Concepts
  • ETH (Ether): The native cryptocurrency of the Ethereum network, used for transactions and smart contract execution.
  • On-chain Analysis: The examination of blockchain transaction data to gain insights into market behavior and wallet activities.
  • Whale: A term for an individual or entity holding large amounts of cryptocurrency, potentially influential in the market.