Whale Moves $9.59M in Ethereum to Exchanges, Raising Sell-Off Speculation

BitcoinWorld Whale Moves $9.59M in Ethereum to Exchanges, Raising Sell-Off Speculation An anonymous cryptocurrency whale has transferred approximately $9.59 million worth of Ethereum (ETH) to major exchanges over the past hour, according to on-chain data from Onchain Lens.

The transactions, which involved 5,100 ETH, were sent to FalconX, Galaxy Digital, and Coinbase, fueling speculation about a potential sell-off.

Details of the Whale Transactions Onchain Lens, a blockchain analytics platform, reported that the whale moved 2,440 ETH to FalconX, 1,180 ETH to Galaxy Digital, and 1,480 ETH to Coinbase.

These transfers are notable because large inflows to exchanges often precede selling activity, as traders deposit assets to liquidate positions. At the time of the transfers, the total value was estimated at $9.59 million, based on Ethereum’s market price.