Ethereum Whale Activity Increases as $44.47 Million Moved Between Exchanges

A large Ethereum holder, known as a DeFi whale, has made a series of transactions on the cryptocurrency exchange Binance.

The whale withdrew 19,300 ETH at an average price of $2,304 on April 21, resulting in a total value of $44.47 million. The majority of these funds were staked in etherfi to earn interest.

Just two hours ago, the whale moved 6,300 ETH back to Binance, positioning for a quick profit if sold now.