PANews reported on July 4 that according to monitoring by on-chain analyst @ai_9684xtpa, a certain ETH whale/institution has recharged a total of 38,100 ETH to major exchanges in the past six days, with a total value of US$94.198 million.

Starting from 06.27, this address distributed 39,700 ETH to 8 addresses, and then dispersed it to dozens of new addresses for exchange recharge operations in the past week. The purpose is unknown.