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A major OTC whale transferred 12,000 ETH to FalconX, suspected to be preparing to sell to repay loans.

2026-03-16 14:21:31

ETH2.65%

STETH3.04%

Gate News reports that on March 16, according to Onchain Lens monitoring, a large OTC whale address "0xfb7" transferred 12,000 ETH (approximately $27.43 million) to FalconX and moved 330 cbBTC to a CEX, suspected of preparing to sell to repay a loan. Currently, the whale holds: 3,670 cbBTC (about $273.56 million), 120,380 stETH (about $276.7 million), and 17,753 WETH (about $40.76 million).

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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