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A certain whale redeemed all pledged ETH and transferred it to the exchange within one month, resulting in a floating loss of approximately $40.41 million

Foresight News
Foresight News|Jul 08, 2025 00:38
According to Foresight News, a certain whale/institutional address transferred the last 3631 ETH out 5 hours ago, as monitored by the embers. This means that all 95313 ETH (approximately $234 million) redeemed from staking will enter the centralized exchange within a month. These ETH were involved in staking last year, with an average price of $2878 at the time of staking, and an average price of $2454 transferred to the exchange after redemption, resulting in a floating loss of up to $40.41 million.
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Timeline

Aug 06, 03:41【Whales release over 30000 SOLs from staking and deposit them into Binance】
Aug 05, 14:45【Many people on the chain want to sell after releasing their pledges】
Aug 02, 05:07【USDC circulation decreased by approximately 1.1 billion pieces】
Jul 30, 16:08【Giant Whale Holds 3962.6 BTC, Awakens and Sells】
Jul 30, 15:43【The ancient whale transferred 450 BTC, but still holds 3678 BTC】
Jul 30, 02:52【Anchorage Digital received 8052 ETH redeemed by Lido at its address】
Jul 30, 02:18【668000 ETH will be pledged and redeemed in 11 days】
Jul 30, 01:18【BNB falls below key support of $800】
Jul 27, 16:01【PENGU token transferred to CEX worth 2.94 million US dollars】
Jul 26, 03:04【USDC circulation increases by approximately 500 million pieces】

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