Whale transfers 12,000 ETH and cbBTC to FalconX and Coinbase for possible sale and loan repayment

A whale address identified as ‘0xfb7’ transferred 12,000 ETH and 330 cbBTC, totaling approximately 271 million USD. This move may indicate intentions for sale or loan repayments.

The whale address holds 3,670 cbBTC, 120,380 stETH, and 17,753 WETH, along with a loan of 97.41 million USDT from Aave.