Ethereum Whale Deposits $25 Million of Ether to Exchanges in Apparent Profit-Taking

An Ethereum whale has deposited a large amount of cryptocurrency to exchanges.

On Aug. 21, on-chain analyst ai_9684xtpa wrote on X, formerly known as Twitter, that the investor has deposited a total of 10,887 Ether to exchanges since Aug. 19.

As of 3:57 p.m., Ether was up 4.87% from a day earlier at $2,371, valuing the transferred holdings at about $25 million.