According to @OnchainLens, Arthur Hayes transferred 682 ETH worth about $2 million into Binance, with address 0xa86e3d1c80a750a310b484fb9bdc470753a7506f reported for the transaction on Dec 24, 2025 (source: Onchain Lens on X). Based on the values reported, the transfer implies an average of roughly $2,933 per ETH at the time of posting, calculated as 2,000,000 divided by 682 (source: Onchain Lens on X). Historically, elevated exchange inflows from large holders have aligned with higher near-term sell-side liquidity and volatility in ETH markets (source: CryptoQuant Research). Traders may monitor Binance spot order books and aggregated exchange net flows for confirmation of follow-through activity rather than presuming an immediate sale (source: Binance Research and CryptoQuant Research). The source post provided no confirmation of any executed sale beyond the deposit notification (source: Onchain Lens on X).

According to @lookonchain, Trend Research deposited another 77,491 ETH worth about $354.5 million into Binance in the past 10 hours for sale (source: @lookonchain on X, Oct 5, 2025). According to @lookonchain, total deposits over the past four days reached 143,124 ETH worth about $642 million to Binance (source: @lookonchain on X, Oct 5, 2025). According to @lookonchain, these transfers were explicitly described as for sale, indicating intended sell-side supply from this entity on Binance’s ETH markets (source: @lookonchain on X, Oct 5, 2025).