ETH Whale Redeems 25,755 ETH (~$117M) to Binance After $60.5M Staking Profit

ETH

ETH/USDT

$2,303.86

+2.85%

$2,303.86

+2.85%

(24s)

24h Volume

$22,543,720,045.80

24h H/L

$2,415.55 / $2,239.22

Change: $176.33 (7.87%)

Long/Short

50.3%

Long: 50.3%Short: 49.7%

Funding Rate

-0.0001%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,304.52

▼ -2.74%

Volume (24h): -

Resistance Levels

Resistance 3$2,575.35

Resistance 2$2,452.50

Resistance 1$2,378.22

Price$2,304.52

Support 1$2,234.04

Support 2$2,136.62

Support 3$1,938.04

Pivot (PP):$2,341.51

Trend:Uptrend

RSI (14):59.1

According to on-chain data analyst Yu Jin and reported by COINOTAG on September 12, an ETH staking whale redeemed 25,755 ETH (approximately $117 million) and transferred the tokens to Binance about 50 minutes prior to the report, a movement visible in on-chain traces and consistent with an exchange deposit.

On-chain history indicates that between August 2023 and April 2024 the same wallet moved roughly $173 million in USDT to Binance, purchased 32,164 ETH at an average price near $2,649 and subsequently restaked via the PoS protocol; COINOTAG estimates the recent unwind yielded an approximate realized profit of $60.5 million.

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