According to @EmberCN, a major whale in the Blast DeFi ecosystem transferred 8,231 ETH, valued at $31.23 million, from the Blast network back to the Ethereum (ETH) network before depositing the funds into Binance. The whale has accrued more than $12 million in airdrop rewards and DeFi income from activities on the Blast network. Notably, this whale initially deposited 45,000 ETH (worth $102 million) into Blast for yield farming in December 2023 and has started moving ETH back in batches since August 2024. These large-scale ETH withdrawals and deposits to Binance may signal increased selling pressure on ETH and affect short-term price volatility, making this event critical for traders monitoring whale movements and DeFi yield strategies. Source: @EmberCN