Nexo's Significant ETH Deposits to Binance

According to Lookonchain, Nexo has been actively depositing large amounts of Ethereum (ETH) into Binance since December 2. A total of 101,756 ETH, valued at approximately $380 million, has been transferred at an average price of $3,737 per ETH. Most recently, Nexo deposited an additional 7,495 ETH, worth $25 million, to Binance just an hour ago. These substantial deposits may indicate strategic moves by Nexo, possibly impacting ETH's market dynamics on Binance.