A Major Whale Transfers All 95,313 ETH Redeemed from Staking to CEX Within One Month

According to Jinse Finance, on-chain analyst Yujin has monitored that five hours ago, the last 3,631 ETH in this whale/institutional address was also transferred out. This means that all 95,313 ETH (worth $234 million) redeemed from staking over the past month have been moved into CEXs. These ETH were staked last year, with an average staking price of $2,878. After redemption, the average price at which they were transferred into CEXs was $2,454 (UTC+8), resulting in a loss as high as $40.41 million.