TechFlow News: On May 14, blockchain analyst EmberCN (@EmberCN) observed that the address gammafund.eth—suspected to belong to investment fund Gammafund—redeemed 5,555 ETH from ether.fi approximately six hours ago, valued at roughly $12.53 million, and transferred the funds to Binance. This address previously purchased 11,215 ETH in March this year at an average price of approximately $1,999 per ETH, for a total value of about $22.42 million. Based on the cost basis of the portion recently transferred, the unrealized profit amounts to roughly $2.87 million. Additionally, approximately 5,500 ETH remain in pending redemption requests from this address, with redemption expected to complete next week.
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