Whale Moves 2,858 ETH to Exchange After Accumulating Over 100,000 ETH

On-chain data from Lookonchain reveals that a whale address recently consolidated 102,913 ETH, valued at approximately $249 million. Shortly after, 2,858 ETH worth about $7 million was transferred to an exchange, raising concerns regarding potential selling pressure as the whale retains a balance of 100,055 ETH.