He moved 200,000 Steem to an account that has been constantly selling Steem. You can have a look at the transfers here.
I feel like he's moving his stake around, perhaps it's time for some old whales to leave and some new whales to come in, who knows. That Steem's gotta go somewhere!
I mean do you know he is actually selling it? Just because it is being sent to an exchange doesn't necessarily mean it is being sold...