Whales move over $148M in ETH to exchanges amid market drop

Ethereum whales have transferred substantial amounts of ETH to centralized exchanges during the recent market decline. According to Lookonchain on X: Whale 0x1D8d sent 17,972 ETH (~$77.4 million) to Coinbase. Whale 0x5A8E moved 13,521 ETH (~$57.72 million) to Binance. Whale 0x3684 deposited 3,003 ETH (~$12.89 million) to Binance. All transactions occurred within the last hour, suggesting potential sell-off activity.