Whale Moves $41.2M USDC to Binance After Liquidating ETH Position

A prominent crypto whale recently closed a significant portion of their Ethereum (ETH) holdings, transferring a substantial $41.2 million in USDC to Binance. This action, which represents the liquidation of approximately 6,028 ETH purchased for around $22.58 million USDC, led to short-term selling pressure on Ethereum. However, the market remained relatively stable, indicating strategic risk adjustment by the whale.