According to Lookonchain, a whale associated with Nexo has deposited 4,946 ETH, valued at $17.2 million, to Binance in the past hour. Since December 2, Nexo has transferred a total of 114,262 ETH, worth $423.3 million, to Binance at an average price of $3,705 per ETH. This significant activity suggests strategic movements in the market by Nexo.