Whale moves $47.5M in ETH to FalconX to repay loan

An anonymous whale address beginning with 0xFB7 has transferred 23,500 ETH, worth $47.47 million, to FalconX for the purpose of loan repayment, Onchain Lens reported. The whale currently holds 4,000 cbBTC ($269 million), 120,380 stETH ($243.27 million), and 29,727 WETH ($60.16 million). The address has an outstanding loan of 97.26 million USDT from Aave.