According to Lookonchain, Fasanara Capital withdrew 6.036 million ASTER worth about 11 million dollars from Gate.io roughly three hours ago, with attribution and transaction details referenced from Arkham Intelligence’s entity explorer. Large exchange outflows reduce on-exchange token supply and have historically aligned with lower immediate sell pressure, as documented by Glassnode Insights’ on-chain market studies. Traders seeking confirmation and follow-through flows can track the Fasanara-tagged wallets and ASTER netflows via Arkham Intelligence and Gate.io market data.

According to The Data Nerd, Fasanara Capital deposited a total of 5,626 ETH, valued at approximately $14.34 million, into major exchanges including Coinbase, Copper, and Gemini within 24 hours. Subsequently, the entity withdrew USDC to its wallet (source: @OnchainDataNerd, June 3, 2025). This significant ETH-to-USDC conversion signals a potential shift in large-scale trading strategies, increasing ETH liquidity on exchanges and potentially impacting spot and derivatives markets. Traders should watch for short-term volatility in ETH prices and monitor USDC inflows for clues on institutional positioning.