It has been reported that, within the past 8 hours, a large cryptocurrency holder known in the industry as a 'whale' transferred a total of 8,825 Ethereum (ETH) tokens to the Binance platform. This transaction resulted in an asset value reduction of approximately $3.96 million for the whale, equivalent to a loss of about 14%. Specifically, the whale had purchased these Ethereum tokens at an average price of $3,168 per token between July 28 and August 4. However, when selling them at around $2,719 each, they incurred losses. This move occurred during a series of declines leading up to a sharp market crash on August 5, possibly due to the whale's staggered purchases, thereby avoiding further losses during the sudden drop on August 5.