A whale/institution has sold 41,400 ETH in the past two weeks, staking it for more than a year and losing about $28.8 million

2025/06/27 09:02

Odaily News According to on-chain data analyst Yu Jins monitoring, a certain whale/institutional address has transferred a total of 41,400 ETH (approximately US$100 million) to multiple CEXs, mainly HTX, in the past two weeks.
It is reported that they pledged 40,128 ETH in March last year and redeemed these ETH a month ago. However, when they pledged last year, the price of ETH was around US$3,227, while now the price of ETH is only US$2,417. After more than a year of staking, the loss amounted to US$28.8 million.

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