ETH Whale Redeems 9,000 ETH from Lido into Binance, Eyeing $4.2 Million Profit

In recent developments reported by COINOTAG News on November 22, a significant movement in the Ethereum market has been observed. An **Ethereum whale** has moved **9,000 ETH**, valued at approximately **$29.98 million**, from **Lido** to **Binance** within a span of just 15 minutes. This transaction indicates a potential profit of around **$4.21 million** if the ETH is liquidated at current market rates. Notably, this whale had previously amassed a total of **14,877 ETH** at an average acquisition cost of **$2,863.77** between February and April 2024. Over the last month, this investor has tactically sold off **14,010 ETH**, securing a substantial profit of **$5.51 million** and achieving an impressive **return on investment (ROI)** of **13.7%**. Such movements underscore the strategic methodologies employed by large-scale investors in the dynamic crypto landscape.