Whale Transfers Massive ETH to CEX, Millions in Losses Spark Concern

Whale's ETH Transfer Sparks Market Concern

According to recent on-chain analysis, a whale holding a significant amount of ETH has moved funds to the centralized exchange OKX within the last 15 hours. The transaction was worth as much as $41.992 million, and if sold, could result in losses of $14.48 million.

ETH Selling Pressure Continues to Rise

Since January 20, the total amount of ETH suspected to have been sold by this whale has reached 51,780 ETH, currently valued at approximately $133 million. However, due to high purchase costs — with an average deposit price of $2,577 — the total loss is estimated at $28.11 million.

• $41.992 million in ETH deposited within 15 hours
• Immediate sale could result in $14.48 million loss
• Over 51,780 ETH sold since the beginning of the year
• Total estimated loss exceeds $28 million

This trend has raised concerns among investors about whale behavior and has likely contributed to increased price volatility for ETH. With more funds moving to exchanges, market fluctuations may intensify in the coming weeks.