#Former Ontology Co-founder Transfers 4669 ETH#

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Overview

Andyjzd, a former co-founder of Ontology, withdrew 4669 ETH from Lido and transferred it to Binance, worth approximately $15.65 million. These ETH were withdrawn from Binance a month and a half ago at a price of $3,708 and are now transferred back to Binance at a price of $3,352, resulting in a loss of $1.62 million. This event has sparked community concern, with people speculating about the reasons behind it.

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Analysis

Andyjzd, former co-founder of Ontology, withdrew 4,669 ETH from Lido and transferred them to Binance 20 minutes ago, worth approximately $15.65 million. These ETH were withdrawn from Binance a month and a half ago at a price of $3,708 and now transferred back to Binance at $3,352, resulting in a loss of $1.62 million. This event has drawn market attention, with some analysts believing it may be a move by Andyjzd to cash out or make other investments, while others attribute the loss to market fluctuations. Currently, Andyjzd has not responded to the matter.

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