A wallet address associated with V神 has recently taken new action—11 hours ago, it deposited 330 ETH into Paxos, which is equivalent to $1.02 million at current prices. This address has a notable background, having received a transfer of 50.1 ETH from vitalik.eth two years ago. Interestingly, this is the second time this year that this wallet has recharged tokens to Paxos. On-chain data shows that such large transactions often indicate strategic adjustments by market participants. Whether it's institutional liquidation, risk management by major players, or simple asset allocation changes, these wallet activities are worth paying attention to. Large ETH transfers frequently occur on exchanges, with different underlying logic—some are optimistic, some are conservative, and some are just watching. In any case, whale-level movements always provide market signals.