$9.64M of ETH moved by a stablecoin router, not a seller.

Wallet 0x7f60…b752 pushed fresh Ethereum on-chain after a quiet five days. That amount stands out, but the wallet's profile is clear: this is operational flow, not distribution.

The address has churned $1.12B in volume across just 3,295 transfers in twenty-two days of life, and stablecoins make up 72% of that. USDC leads the asset mix. The movement of ETH today fits the same pattern as every prior move, cash sent to exchanges to keep dry powder ready.

CEX exposure tells the rest of the story. Binance accounts for $52.78M, Bitstamp for $36.21M, Coinbase for $5.17M. The three largest peer counterparties, topping $200M, $100M, and $91M, reinforce that this is an active routing entity.