A Whale Withdraws 8310 ETH from CEX in Two Hours, Deposits All into Spark Protocol as Collateral

According to on-chain analyst @ai_9684xtpa, a whale that started accumulating 52,732 ETH in September 2023 deposited 5,069 ETH to a CEX on June 22. Two hours ago, they withdrew 8,310 ETH to a wallet, with a total value of $28.27 million at a transfer price of $3,404. Subsequently, all of it was deposited into Spark Protocol as collateral.

Currently, this whale holds a total of 93,054 ETH (including stETH), valued at $313 million.