The owner of Ethereum transferred 12,000 ETH to the Binance crypto exchange, according to a report from Lookonchain analysts.

The big player transferred 12,000 ETH ($39.75 million) to Binance just an hour ago and may be planning to sell it.

He also deposited 9,000 ETH ($29.14 million) on Binance yesterday and withdrew $30 million in USDT stablecoins from Binance.

According to the Lookonchain report, this large transaction was carried out by the owner of Ethereum, who initiated investments in the cryptocurrency in 2017. The address listed in the report is believed to belong to venture capital fund Youbi Capital.

According to Arkham Intelligence, at the time of writing, the value of assets in the crypto wallet is estimated at $110.2 million. The large investor continues to hold a small supply of Ethereum (ETH), Lido (LDO), Optimism (OP) and several other tokens.

Let us recall that on March 11, 2024, an unknown holder transferred 149,999 ETH to the Coinbase crypto exchange. It was also previously reported about the awakening of the Ethereum whale after eight years of passivity.