Onchain Lens says the wallet first withdrew 32,278 ETH worth $57 million from Binance for staking over three days, then later sent 43,235 ETH worth $74.68 million back to the exchange while still staking 43,562 ETH.
Whale wallet geministar.eth first withdrew 32,278 ETH worth $57 million from Binance over three days for staking, including an 11,142 ETH transfer worth $19.94 million on June 17, according to PANews citing Onchain Lens. In a later update, Onchain Lens said the whale deposited 43,235 ETH worth $74.68 million to Binance while still staking 43,562 ETH valued at $75.41 million, leaving the overall position at a $12.70 million loss. Large exchange outflows into staking can indicate a preference to hold and earn yield, while large inflows to exchanges are often monitored for potential selling pressure.