According to Lookonchain, a whale associated with Nexo has deposited 4,946 ETH, worth approximately $17.2 million, to Binance within the past hour. Since December 2, Nexo has cumulatively deposited 114,262 ETH, valued at $423.3 million, into Binance at an average price of $3,705. This significant activity may impact Ethereum's trading dynamics on Binance.