TechFlow, July 8 — According to on-chain analyst Ember (@EmberCN), a whale/institutional address has transferred out its final 3,631 ETH, marking the full transfer of all 95,313 ETH (approximately $234 million) previously unstaked over the past month to centralized exchanges.
Data shows the average cost basis for these staked ETH was approximately $2,878, while the average price at which they were moved to exchanges after unstaking was around $2,454, resulting in an estimated paper loss of about $40.41 million.
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