A new address accumulated 7,889 ETH worth $31.41 million in the past 8 hours.

According to Jinse Finance, on-chain analyst @ai_9684xtpa monitored that a new address 0x311...5FD1A accumulated 7,889 ETH in the past 8 hours, with a total value of $31.41 million and an average withdrawal price of $3,982. All ETH were withdrawn from a certain exchange, and it is possible that the wallet is being reorganized.