A large Ethereum holder withdrew 7,240 ETH from an exchange in 20 minutes.

CoinFeed reported on May 11 that, according to AiYi, address 0x46D…c35cF withdrew a total of 7,240 ETH from Bybit and OKX in the past 20 minutes. Based on an average price of approximately $2,330, this is worth approximately $16.87 million. Just an hour prior, this address had deposited the equivalent amount of USDT into the exchange.