COINOTAG News reported on December 18 that on-chain analytics flag a single whale entity moving assets out of Lido and EigenLayer, swapping into ETH and consolidating 7,653 ETH to a Binance deposit address valued at roughly $21.6 million.

The ETH were accumulated at an average price near $2,476 between May 2023 and July 2025, establishing a cost basis close to $18.95 million. At current valuations, the position would yield an unrealized profit of about $2.67 million, although gains have retraced roughly 69% from ETH’s peak, underscoring substantial price volatility and liquidity dynamics.