According to @EmberCN, a whale recently redeemed 10,708 ETH, worth approximately $26.96 million, from Lido and transferred the entire amount to OKX just 10 minutes prior to reporting (source: Twitter/@EmberCN, June 8, 2025). This large-scale movement signals potential selling pressure or strategic positioning on OKX, which could impact short-term Ethereum price volatility and liquidity. Traders should monitor OKX order books and potential ETH outflows closely for emerging trends.

According to Ai 姨 (@ai_9684xtpa), a major Ethereum ICO whale has transferred 956.7 ETH, valued at $2.53 million, to OKX just seven hours ago, following a previous receipt of 24,000 ETH three days earlier. The whale still holds 51,663 ETH worth approximately $140 million, with a remarkably low entry cost of $0.31 per ETH (Source: Twitter, Ai 姨). Such sizable deposits to exchanges historically signal potential sell-offs, which could create short-term downward price pressure for ETH. Traders should closely monitor this address for further large transfers as continued sell activity may increase market volatility and impact spot and derivatives trading strategies.