Major ETH Liquidation Sparks Market Buzz
According to blockchain data monitored by analyst Embers, Ian Y. Li's Trend Research recently transferred 630,400 ETH to Binance, valued at $1.29 billion.
Currently, only 21,300 ETH remain on-chain, worth approximately $43.94 million.
- This move covers 96% of their ETH holdings
- Exceeds previous deleveraging requirements
- Market speculation suggests complete liquidation
The transaction has drawn significant industry attention, with experts speculating it may signal strategic investment changes.