Mysterious Whale Makes Big Move: Deposits Over 100,000 ETH Worth $257 Million

Mysterious Whale Sparks Market Buzz

Data shows that the wallet address known as the '1011 Insider Whale' has drawn significant attention from the crypto community. The whale has deposited 106,183.97 ETH on Binance, valued at around $257 million. More notably, the whale still holds 469,642.98 ETH on-chain, worth over $1.1 billion.

Market Signals Behind Whale Movements

The whale’s ETH deposit activity has sparked speculation about its intentions — whether it’s preparing for a major sell-off or planning a strategic move. The average deposit price of $2,427.88 suggests it might be positioning itself for potential price volatility.

On-chain Analysis Reveals Potential Trends

• Total Deposit: 106,183.97 ETH (approx. $257 million)
• Average Deposit Price: $2,427.88
• Remaining On-chain Balance: 469,642.98 ETH (approx. $1.1 billion)

Market analysts believe that such large-scale fund movements often signal an important market phase. Investors should remain cautious and closely monitor future developments.