Whale Transfers Large Ethereum Holdings to Centralized Exchange

On May 11, a significant movement of Ethereum was detected. According to BlockBeats On-chain Detection, a whale known for losing $230 million in February due to a liquidation on Hyperliquid has transferred all of its Ethereum holdings to a centralized exchange (CEX) over the past four days. The whale moved 577,000 ETH to the CEX, with the final transfer of 225,000 ETH occurring five hours ago. Despite these transfers, the whale still holds 11,500 BTC on-chain. This Bitcoin holding is valued at approximately $934 million. The whale's actions have attracted attention due to the scale of the transfers and the previous financial loss experienced earlier this year.