Gate News reports that on March 16, according to Onchain Lens monitoring, a certain OTC whale address "0xfb7" transferred 12,000 ETH (approximately $27.43 million) to FalconX and transferred 330 cbBTC to a certain CEX, suspected to be preparing to sell in order to repay loans. Currently, the whale holds: 3,670 cbBTC (approximately $273.56 million), 120,380 stETH (approximately $276.7 million), and 17,753 WETH (approximately $40.76 million).

Justin Sun currently holds 156,514 stETH, valued at approximately $330 million, ranking fifth among Ethereum institutional holdings, but facing a floating loss of $25.83 million. Over the past three years, he has realized profits of approximately $200 million through ETH trading.

Gate News bot message, OTC whale "0xfb7" transferred 23,500 $ETH ($47.47M) into CEX for sale and loan repayment. The whale currently holds 4,000 $cbBTC ($269M), 120,380 $stETH ($243.27M), and 29,727 $WETH ($60.16M). The whale has borrowed $97.26M $USDT from Aave.