An Ethereum whale has deposited an enormous amount of 15,000 Ethereum (ETH) on the OKX exchange. The transaction worth $23.8 million in ETH took place on September 26 at 2:20 UTC. It was shared by blockchain transaction tracker Whale Alert on X (Twitter).
The anonymous whale has left the whole crypto community curious with this move. While the blockchain is transparent and anyone can track onchain data, such a transaction like this could influence millions of users to think about a potential dump in the ETH market.
In addition, whales sending crypto assets to centralized exchanges often hint at upcoming downtrading in the asset market.