A whale transferred all 95,313 ETH redeemed to CEX, with a book loss of $40.41 million
a day ago
Odaily News According to on-chain analyst Yu Jin's monitoring, 5 hours ago a whale/institutional address also transferred the remaining 3,631 ETH to the exchange, which means that the total 95,313 ETH (about 234 million US dollars) redeemed from the pledge in the past month has all entered CEX. This batch of ETH was pledged last year, with an average price of about 2,878 US dollars when pledged, and the average price after redemption and transfer to CEX was about 2,454 US dollars, with a cumulative book loss of 40.41 million US dollars.
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