Whale who withdrew $140 million in ETH from Binance deposits 10,900 ETH back into exchanges

Whale who withdrew $140 million in ETH from Binance deposits 10,900 ETH back into exchanges

N
News Editor
2026-08-21 06:50:43
According to on-chain analyst Ai Yi, a whale withdrew 79,226.49 ETH from Binance between July and August 2026, worth about $140 million at an average price of $1,776.83. Since Aug. 19, the address has sent a total of 10,900 ETH back to exchanges, worth $24.16 million. If sold, the position would lock in a profit of $4.817 million. The stablecoins obtained from those sales were used to repay a Spark loan. The whale still has 47,900 wstETH and 1,200 WBTC posted as collateral, with 83.67 million USDS borrowed and a health ratio of 2.26.
According to on-chain analyst Ai Yi, a whale withdrew 79,226.49 ETH from Binance between July and August 2026, with a total value of about $140 million and an average price of $1,776.83. Since Aug. 19, the same address has deposited 10,900 ETH back into exchanges, worth $24.16 million. If those coins are sold, the whale would realize a profit of $4.817 million. The report said the stablecoins from the sales were all used to repay a Spark loan. The address still has 47,900 wstETH and 1,200 WBTC posted as collateral, while 83.67 million USDS has been borrowed. Its health ratio stands at 2.26.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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