According to Lookonchain, many cryptocurrency whales are offloading their Ethereum holdings. One notable whale exchanged 4,591.8 stETH directly for 4,589.5 ETH, incurring a loss of 2.3 ETH (approximately $6,000) to bypass the lengthy withdrawal process. Subsequently, this whale deposited a total of 5,145 ETH (valued at $13.3 million) into Binance for sale.