Large Holder Moves 31.28M ETHFI to Binance, Raising Short-Term Selling Risk
A single investor wallet has deposited a cumulative 31.28 million ETHFI to Binance following token unlocks, according to on-chain monitoring and reports on December 21, 2025. The latest observed transfer from the same wallet moved 900,000 ETHFI (about $738,000). The total transfers equal roughly $36.58 million in ETHFI. Movements from a concentrated holder to a major centralized exchange increase exchange-level supply and signal potential selling pressure. Traders should monitor order books and short-term liquidity: concentrated deposits on Binance can heighten volatility and negative price pressure for ETHFI in the short term, though long-term impact depends on whether the tokens are sold or simply custody-shifted. Key points: total deposits 31.28M ETHFI (~$36.58M), latest transfer 900k ETHFI (~$738k), destination Binance, source a single wallet tracked since token unlocks.
Bearish
Concentrated transfers of 31.28M ETHFI to Binance materially increase the exchange-level supply of the token, raising the probability of sell-side pressure. The immediate effect is likely bearish: large deposits to a centralized exchange historically precede increased sell orders or block sales that amplify short-term volatility and downward price movement. The latest 900k ETHFI transfer reinforces an ongoing pattern of liquidity mobilization following unlocks, signaling that the holder is preparing to realize liquidity or move inventory into exchange custody—both actions that can compress bids and widen spreads. Neutral or bullish outcomes are possible only if on-exchange movement represents custody consolidation without selling, or if buyers absorb the supply; however, the safer short-term trading assumption is increased selling risk. Over the longer term, market impact will depend on the pace of sell-through, broader market sentiment, and whether remaining holders or new buyers offset the added supply.