Crypto Whale Transfers $17.11M in Ether from Ether.fi to Binance

A major cryptocurrency whale wallet transferred 7,500 Ether, valued at more than $17.11 million, from liquid restaking protocol Ether.fi to centralized exchange Binance. The multi-day redemptions and deposits took place over a three-day period that started on November 5, raising concerns of potential short-term selling pressure on spot ETH markets. Despite the sizeable transfer to Binance, on-chain records show the wallet address (0x924...a2BB0) still holds a separate active staking position of 1,483.94 ETH across Kelp DAO.