On February 13, according to the latest blockchain analytics from OnchainDataNerd, the high-profile whale address 3NVeX initiated another transfer of 2,535 BTC to Binance. At current market prices, the transaction is worth approximately $168 million.
Of particular interest is that this is not an isolated incident. Over the past 72 hours, the whale has made multiple deposits to the exchange, totaling 10,735 BTC—equivalent to roughly $727 million—sparking widespread speculation about its motives.
Market analysts suggest that such large-scale deposits may indicate potential actions such as:
- Preparation for major trades or liquidation of holdings
- Risk of margin call triggers
- Rebalancing assets across platforms
As of now, the whale’s next moves remain under close watch, with its true identity still unknown.