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Whale Moves $16.1 Million in Ether to Five Exchanges in Apparent Plan to Sell

The 6,000 Ether transfer involved OKX, Kraken, Gate, Bybit and Binance.

By Enna Lee
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Mentioned assets
Five metal trays hold newly deposited cryptocurrency tokens / TokenPost.ai
Five metal trays hold newly deposited cryptocurrency tokens / TokenPost.ai

A crypto whale transferred 6,000 Ether (ETH) valued at $16.1 million to five cryptocurrency exchanges in an apparent move to sell the holdings.

The transfers involved OKX, Kraken, Gate, Bybit and Binance. The deposits place a large amount of ETH on trading platforms where it can be sold.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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