An address that held ETH for two years deposited 8,920 ETH into Binance; selling them would result in a loss of $2.12 million.

According to Odaily Planet Daily, on-chain analyst Ai Yi reported that an address (0x29F...335EF) deposited 8,920 ETH, worth approximately $24.85 million, into Binance in the past hour. This ETH was withdrawn from the exchange at an average price of $3,024 between March 2024 and February 2025; selling it now would result in a loss of $2.12 million. After the deposit, the address has only 0.04238 ETH remaining.