The Whale Moved Again: 1,445 ETH ($ETH ) Deposited Into Exchange—Is This Just Rebalancing?

On-chain records show that Kanye West—a former “big whale”—has sent ETH to an exchange again after nearly 11 months of silence.

About 1 hour ago, he withdrew 1,445 ETH from Aave, then deposited it all into an exchange, worth roughly $3.91 million. The move was decisive, and the route was clear.

The last time he did something similar was back in October 2025, when the market was at the peak of the previous bull cycle. Now, after 11 months, the same direction has reappeared again.

But he hasn’t fully closed his position. As of now, he still holds roughly $26.7 million in crypto assets on-chain—this time only moving a small portion. It looks more like a probing rebalance than a full retreat.

And that’s the question: is he preparing to sell off, or just adjusting his position? No one can give a definite answer. Still, for someone who made moves around the peak of a bull market and then waited nearly a year before depositing to an exchange again, it’s at least worth a closer look.$BTC $ZEC #股票财报季