A certain whale/institution has transferred 11.57 million US dollars worth of Ethereum ecosystem tokens into CEX for sale
According to on-chain analyst Yu Jin, a whale/institution that bought ETH and related tokens in the ETH ecosystem after an ETH spot ETF's 19-4 document was approved at the end of May has transferred various tokens worth $11.57 million into Binance for sale in the past hour, causing these tokens to fall to varying degrees. These include: 351.4k LDO ($6.23 million); 49.7k AAVE ($449); and 319.8k FXS ($85). This whale is clearly betting on news of the ETH spot ETF driving up tokens in the ETH ecosystem, so they bought various tokens worth tens of millions of dollars. Now they are selling all these ETH ecosystem tokens at a loss, with none making a profit.
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