Cryptocurrency has made a large-scale transfer of Ethereum to Binance

Cryptocurrency experts note that a major Ethereum holder ETH $3,301.39 Bridged Ether (StarkGate) -1.90% Market capitalization $0.28 billion VOL. 24 hours $2.58 billion has transferred 12,000 ETH to the Binance cryptocurrency exchange. The large transaction was reported by Lookonchain analysts.

According to the published data, the investor sent tokens worth about $ 40 million to Binance. It is noteworthy that just a day ago, he transferred 9000 ETH to the same platform, and later withdrew $ 30 million in USDT stablecoins.

Crypto experts have suggested that the Ethereum whale is going to sell his assets. He started investing in the asset back in 2017, and the address indicated in the message may belong to Youbi Capital.

According to Arkham Intelligence, at the time of writing, the crypto wallet’s assets are estimated at $ 110.2 million. Cryptokit continues to hold a small stock of Ethereum (ETH), Lido (LDO), Optimism (OP), and some other tokens.

In early March, an anonymous cryptocurrency dealer made a $ 102 million transaction with Ethereum. Market analysts explained that such large-scale transactions usually cause intrigue in the cryptocurrency community. Such steps are often interpreted as an attempt by a large investor to liquidate its assets.