On February 6, blockchain analytics platform Onchain Lens revealed that a crypto whale had deposited 3947 ETH into Binance, valued at approximately $7.53 million at the time of the transaction.
Additional tracking data showed that the ETH was originally withdrawn from Binance in a total amount of 6947 ETH, worth around $29 million at that time. However, after holding for four months, the whale only recovered $7.53 million, suffering a loss of $11.97 million.
Such large on-chain movements often attract market attention. Analysts suggest that whales' frequent fund movements may be related to asset allocation, market expectations, or risk management strategies.
The crypto community remains highly sensitive to these transaction patterns, with some investors viewing them as indicators of market sentiment. However, experts advise retail investors to approach whale activity rationally and avoid blindly following trends.