An Ethereum whale known as the “1011 Insider Whale” has deposited around 120,000 $ETH into Binance within just 48 hours.

The latest transfer included about 15,000 $ETH , reportedly sent for loan repayment purposes.

This activity followed a major liquidation of roughly $230 million in long positions.

Despite the sell-off, the whale still holds a massive ETH and BTC portfolio worth over $4.26 billion.

On-chain data shows more than 469,000 ETH remains in the wallet after the deposits.

The large transfers have boosted Ethereum trading volumes and kept the market on edge.

So far, no institutional involvement or official response from Binance or regulators has appeared.

Investors are closely watching, as such whale moves can influence short-term price action.

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ETH

2,257.84

-2.43%