Anonymous whale 0xF626 looks ready to dump a massive stack of ETH—almost $250 million worth—judging by recent on-chain moves. The address just loaded up with tens of thousands of coins, sent a chunk to exchanges, and is still sitting on a serious pile.

What went down

Roughly 12 hours ago, address 0xF626 received 102,913 ETH ($248.6M). Not long after, the whale moved 2,858 ETH (about $7M) to exchanges. As of now, the wallet still holds 100,055 ETH ($241.6M).

Transaction details

All these moves are on-chain and visible from 0xF626’s activity. The order—huge inbound transfer, then a slice sent to exchanges while keeping most on hand—signals the whale might be gearing up to unload a significant amount of ETH.

What to watch next

Traders are keeping a close eye on further transactions from 0xF626. More exchange transfers or wallet shuffles could reveal how big and how fast this potential sell-off might get.