DARMA Capital Co-founder's Related Address Transfers Nearly 60,000 ETH Staked for Almost 5 Years to Coinbase

Odaily News According to monitoring by crypto analyst 余烬@EmberCN, approximately 60,000 ETH, which were redeemed from Ethereum staking, were transferred to Coinbase about 3 hours ago, valued at around $129 million. This batch of assets likely belongs to DARMA Capital co-founder Andrew Keys.

On-chain data shows that in May 2021, he had deposited approximately 90,000 ETH into staking in batches, and recently redeemed and consolidated them for transfer out. Over the roughly 5-year staking period, he accumulated about 16,000 ETH in rewards, corresponding to an approximately 18% return in token terms, currently valued at around $34.2 million.