As the Ethereum community celebrated the much-anticipated Dencun upgrade, a major ETH transfer caught the market's attention. A whale, an individual or entity holding large amounts of cryptocurrency, deposited 15,000 ETH on crypto exchanges Binance and Bitfinex. The deposit of such a large amount of ETH to exchange typically indicates a potential sale; thus, this unexpected move has led to speculation and intrigue within the crypto community, particularly as it coincides with the launch of the Dencun upgrade. According to Lookonchain, a whale unstaked 15,078 ETH worth $60.3 million and deposited it with Binance and Bitfinex.

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