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Whale/Institution Transfers 41,400 ETH to CEX in Past 2 Weeks, Staking Losses Exceed $28.8 Million

Summary: According to on-chain data analyst Yu Jin, a certain whale/institutional address has transferred a total of 41,400 ETH (approximately $100 million) to multiple CEX platforms dominated by HTX in the past 2 weeks. It is reported that they staked 40,128 ETH in March last year and redeemed them a month ago. However, when they staked ...

According to on-chain data analyst Yu Jin, a certain whale/institutional address has transferred a total of 41,400 ETH (approximately $100 million) to multiple CEX platforms dominated by HTX in the past 2 weeks. It is reported that they staked 40,128 ETH in March last year and redeemed them a month ago. However, when they staked last year, the price of ETH was around $3,227, while now the price of ETH is only $2,417. Staking for over a year has resulted in losses of $28.8 million.

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Link: Whale/Institution Transfers 41,400 ETH to CEX in Past 2 Weeks, Staking Losses Exceed $28.8 Million [Copy]

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