Whale moves 13,000 ETH worth $41.75M to exchanges

A whale appears to be in the process of selling 13,000 ETH, worth approximately $41.75 million, according to Lookonchain. The on-chain analytics firm reported that a wallet linked to Galaxy Digital's over-the-counter (OTC) desk initiated the transfer. Of the total amount, 6,500 ETH has since been deposited to the exchanges Binance, Bybit, and OKX.