Whale and POAP founder transfer large ETH sums to exchanges

CIE News ·

Based on reporting by BeInCrypto; not yet independently confirmed.

Large transfers raised exchange reserves to 14.93 million ETH on October 14, 2026, including deposits by POAP founder Patricio Worthalter and an OTC whale sale.

On October 14, 2026, large Ethereum (ETH) holders moved substantial funds to centralized exchanges, according to BeInCrypto. An over-the-counter whale address sold 9,996 ETH for roughly $25 million on the Ethereum mainnet, locking in $24.48 million in realized profit. Separately, POAP founder Patricio Worthalter deposited 10,000 ETH worth $25.05 million to Gemini, following an earlier transfer of 4,000 ETH valued at $10.02 million. Tracked by onchain analytics platforms, the inflows brought total exchange reserves to 14.93 million ETH, up from 14.59 million in late September.

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Read the original at BeInCrypto

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