According to PANews on August 4, an institutional wallet withdrew 50 million USDT from Bitget, transferring it to OSL and subsequently acquiring 14,006 ETH at approximately US$3,570 each.
PANews reported on August 4 that, as per Yu Jin, an institutional wallet first withdrew 50 million USDT from Bitget, transferred the funds to the OSL trading platform, and then received 14,006 ETH within 15 minutes at an estimated price of about US$3,570 per ETH, totaling around US$50 million.