X @Lookonchain

Whale Activity - A whale address (0x882E) deposited 14,275 ETH, valued at $62.48 million, to Binance [1] - The whale previously purchased 64,400 ETH for $121 million at an average price of $1,882 two years ago and staked it [1] - Since March 20, 2024, the whale has been selling ETH for profit, depositing 23,365 ETH, valued at $97.64 million, at an average price of $4,179 [1] - The whale's total profit from these transactions exceeds $156 million [1] Market Impact - Large ETH deposits to exchanges like Binance can potentially increase selling pressure [1] - Whale activities are closely monitored as they can influence short-term market trends [1] - The whale's profitable ETH trading highlights potential investment strategies in the cryptocurrency market [1]