Whale swaps 20,040 stETH for 20,000 ETH and deposits them to Bitget
- —Swapped 20,040 stETH for 20,000 ETH via 1inch, worth about $54.69M
- —Deposited 20,000 ETH (~$54.66M) to Bitget within minutes
- —On-chain analysts say the deposit is likely intended for selling
Why it matters: A large ETH deposit to an exchange could add selling pressure amid a weak market.
Source: PANews