Onchain Lens Says luggis Deposited 2,000 ETH to Binance

According to on-chain analyst Ai Yi, the wallet later deposited 4,012 ETH worth $8.57 million to Binance after redeeming the tokens from Lido one week earlier, leaving just 0.709 ETH on-chain.

ETH

Summary

According to on-chain analyst Ai Yi, the wallet previously associated with a 2,000 ETH Binance deposit has now deposited 4,012 ETH worth $8.57 million to Binance over roughly 40 minutes. The latest report states the tokens had been redeemed from Lido one week earlier. Following the transfer, the address now holds 0.709 ETH on-chain. This materially updates the topic’s prior account, which said the wallet still held 3,567 ETH after an earlier 2,000 ETH transfer.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, network fees, and decentralized applications.
  • Binance: A cryptocurrency exchange where users can deposit, trade, and withdraw digital assets.
  • Lido: A liquid staking protocol for assets including ETH that lets users redeem or unstake tokens from staked positions.