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According to recent reports from ChainInfo, a notable Ethereum (ETH) staking whale has conducted a significant transfer of 7,864 ETH, valued at approximately $24.38 million, to Binance. This transaction occurred just 40 minutes ago, highlighting the fluid nature of crypto asset management. Interestingly, this whale has been holding onto their ETH for the past nine months, but still finds themselves at a loss given the current market conditions.
Previously, on February 27, they withdrew a substantial 23,361 ETH (worth $75.82 million at the time) from Binance and subsequently staked the assets. At that time, the price of ETH was around $3,245, while Bitcoin (BTC) traded at $54,520 and Solana (SOL) at $110. Notably, both BTC and SOL have experienced nearly a double increase in their valuations since that point.
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