According to @ai_9684xtpa, whale vladilena.eth redeemed Pendle's December 26th maturing weETH PT and YT early, converting them into 5000 ETH valued at $12.24 million. The ETH was then deposited into Binance, likely for selling. Earlier today, ETH briefly dropped below $2400 but has since rebounded above $2400, with a 24-hour decline of 9.29%. This move could indicate a lack of confidence in the market as ETH experiences significant volatility.