15,000 Ethereum (ETH) taken off exchange by massive whale
According to on-chain data provider Lookonchain, a whale, or large holder, has moved 15,000 ETH worth $25.16 million from the San Francisco-based OKX crypto exchange.
The whale deposited a portion of its withdrawals — roughly 10,150 ETH worth $17 million — into DeFi via the protocols Compound and Aave. Analysts suggest that the withdrawal of cryptocurrencies from exchanges to put in cold storage for safety or into DeFi to generate yield may indicate that investors are prepared to hold onto their cryptocurrency for a long time.