PANews reported on December 31 that, according to on-chain analyst @ai_9684xtpa, a whale who accumulated 8,550 ETH a week ago at an average price of $2,991 has begun to reduce its holdings. Ten hours ago, it deposited 3,000 ETH (approximately $8.93 million) into Binance; selling this would result in a loss of $43,000. It still holds 5,550 ETH from its position established last week, with a floating loss of $46,000. Its entire wallet still holds 22,981 ETH.