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Whale Transfers $20M in ETH to Binance After Year-Long Lockup

According to EmberCN, a whale who profited over $12 million from Blast redeemed ETH from StakeStone and AO Protocol, moving 4,412 ETH worth $20.24 million to Binance.

ETH
STETH

Summary

EmberCN reported that a whale who earned more than $12 million on Blast has withdrawn 4,412 ETH, valued at $20.24 million, from StakeStone and AO Protocol after a year-long deposit. The funds were transferred to Binance early today. The whale had previously deposited the ETH at around $3,800 per coin, realizing substantial profits upon redemption.

Terms & Concepts
  • Whale: A term used in cryptocurrency markets to describe an individual or entity holding large amounts of a cryptocurrency, capable of influencing market movements.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contract execution, and as a store of value.