According to crypto analyst Ember@EmberCN, a whale/institution is suspected of using the staking service platform Arthapala to stake $ETH and has been continuously transferring the redeemed $ETH to exchanges through multiple associated addresses since June 11. The latest discovered address shows that it has redeemed 59,916 $ETH (approximately $155 million), of which nearly 25,000 $ETH (approximately $63.37 million) have been transferred to CEXs such as HTX, Bybit, and OKX in the past 6 days. Combining previous data, the whale/institution has redeemed a total of approximately 155,000 $ETH and has cumulatively transferred as many as 120,000 $ETH to CEXs in the past month, worth approximately $297 million. [Odaily Planet Daily]
According to crypto analyst Ember@EmberCN, a whale/institution is suspected of using the staking service platform Arthapala to stake ETH and has been continuously transferring the redeemed ETH to exchanges through multiple associated addresses since June 11. The latest discovered address shows that it has redeemed 59,916 ETH (approximately $155 million), of which nearly 25,000 ETH (approximately $63.37 million) have been transferred to CEXs such as HTX, Bybit, and OKX in the past 6 days. Combining previous data, the whale/institution has redeemed a total of approximately 155,000 ETH and has cumulatively transferred as many as 120,000 ETH to CEXs in the past month, worth approximately $297 million. [Odaily Planet Daily]