TechFlow news, November 21: According to on-chain analyst EmberCN (@EmberCN), a whale experienced "earning interest but losing principal" in ETH staking.
The whale withdrew 4,000 ETH from Binance in early August and deposited it into Lido for staking, then redeemed all 4,031 ETH half an hour ago and transferred them to Kraken. During the 3.5-month staking period, the whale earned 31 ETH (approximately $80,000) in staking rewards.
However, due to ETH's price dropping from $3,905 at the time of staking to the current $2,682, the whale incurred a principal loss of approximately $4.66 million.




