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Whale Transfers 95,313 ETH Redeemed from Staking to CEX, Faces $40.41 Million Loss

Summary: According to on-chain analyst Yu Jin, a whale/institutional address transferred the remaining 3,631 ETH to an exchange 5 hours ago, indicating that a total of 95,313 ETH (approximately $234 million) redeemed from staking in the past month has all been moved to CEX. These ETH were staked last year at an average price of $2,878, ...

According to on-chain analyst Yu Jin, a whale/institutional address transferred the remaining 3,631 ETH to an exchange 5 hours ago, indicating that a total of 95,313 ETH (approximately $234 million) redeemed from staking in the past month has all been moved to CEX. These ETH were staked last year at an average price of $2,878, but the average price upon redemption and transfer to CEX was $2,454, resulting in a total loss of $40.41 million.

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Link: Whale Transfers 95,313 ETH Redeemed from Staking to CEX, Faces $40.41 Million Loss [Copy]

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