TechFlow, on September 12, according to on-chain analyst @EmberCN, a major Ethereum staker transferred 25,755 ETH (worth $117 million) redeemed from staking to the Binance exchange 50 minutes ago.
Analysis shows that this whale previously transferred $173 million in USDT to Binance between August 2023 and April 2024, purchasing and withdrawing 32,164 ETH at an average price of $2,649, which were then staked via PoS. The whale redeemed 25,755 ETH from staking 17 days ago and has now moved them to the exchange. These ETH holdings have generated approximately $60.5 million in profit.




