A significant withdrawal of 1.29 million Ethereum (ETH) by whales has sparked concern about market liquidity and price fluctuations. The reduction in available ETH on major exchanges indicates potential supply constraints. This action coincides with the growing adoption of DeFi tokens and staking assets, further fueling volatility among these specific segments of the market. Experts warn that these large-scale withdrawals could lead to sharp price movements within Ethereum’s ecosystem and beyond. 1.29 million ETH from several prominent wallets has been transferred off major exchanges, leading to reduced sell-side liquidity on the market and a potential rise in ETH prices. The broader crypto market, including Layer 2 solutions and DeFi protocols, may also experience increased volatility as these movements ripple through various parts of the ecosystem.