A whale withdrew 177,000 ETH from Aave and deposited 44,000 ETH to Binance, suspected of starting to sell off

According to Lookonchain monitoring, a whale that previously purchased 444,900 ETH (worth $1.39 billion) is suspected to have started selling.

8 hours ago, the whale withdrew 177,000 ETH (worth $561.3 million) from Aave and deposited 44,000 ETH (worth $140.2 million) to Binance. The whale's purchase cost was approximately $3,437, and it currently has an unrealized loss of about $125 million.