Ethereum Slumps As Celsius Transfers 13K ETH to Coinbase and FalconX

• Lookonchain has reported significant ETH transfers involving crypto whales and the embattled crypto lender Celsius.
• According to Lookonchain, Celsius has continued making significant deposits to centralized exchanges.
• Following the transactions, Ethereum lost 6.5% of its value in less than 24 hours.

Lookonchain, the smartmoney on-chain platform, has reported significant ETH transfers involving crypto whales and the embattled crypto lender Celsius. According to Lookonchain, Celsius appears to have continued with the recent practice of making significant deposits to centralized exchanges.

Whales are accumulating $ETH today, with a total of 26,841 $ETH($64.5M).

0x55C1 withdrew 7,779 $ETH($18.7M) from #Binance 2 hours ago.https://t.co/k5s2t0kKec

0xDa17 and 0x278f (possibly the same person) withdrew 8,077 $ETH ($19.4M) from #Bitfinex.https://t.co/CyfU4ZMcV8… pic.twitter.com/YDJqpeTLTU

— Lookonchain (@lookonchain) January 22, 2024

The smartmoney on-chain platform posted details of large ETH withdrawals from some top exchanges in the last 24 hours. It reported that a whale withdrew 7,779 ETH, equivalent to $18.7 million. During the same period, another wallet su…

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