If sold, it would result in a loss of $11.79 million. An address associated with Fenbushi Capital is suspected of offloading 11,101 ETH.

Odaily reports: According to monitoring by on-chain analyst Ai Yi, an address associated with Fenbushi Capital (0xaF3…74446) transferred 11,101 ETH, valued at $21.94 million, to a deposit address of Amber Group 8 hours ago. The transfer price was $1,977.24. Tracebacks show that between February 2024 and April 2024, this address withdrew a total of 33,398 ETH from Binance at an average price of $3,039.36, with a total value of approximately $101 million. Based on the current transfer price, if these 11,101 ETH were sold, it would result in a loss of $11.79 million.