An over-the-counter (OTC) whale, identified by the address "0xfb7," has transferred significant cryptocurrency holdings, including 12,000 ETH valued at $27.43 million to FalconX and 330 cbBTC worth $243.68 million to Coinbase. These transactions are speculated to be aimed at selling assets to repay a loan. The whale currently holds 3,670 cbBTC valued at $273.56 million, 120,380 stETH worth $276.7 million, and 17,753 WETH totaling $40.76 million. Additionally, the whale has borrowed $97.41 million USDT from Aave.
OTC Whale Transfers $271 Million in Crypto to FalconX and Coinbase
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