A whale transferred all 95,313 ETH redeemed to CEX, with a book loss of $40.41 million

By: odaily.com|2025/07/08 00:41:36

Odaily News According to on-chain analyst Yu Jins monitoring, 5 hours ago a whale/institutional address also transferred the remaining 3,631 ETH to the exchange, which means that a total of 95,313 ETH (about US$234 million) redeemed from pledges in the past month have all entered CEX.
This batch of ETH was pledged last year, with an average price of about US$2,878 when pledged, and an average price of about US$2,454 when redeemed and transferred to CEX, with a cumulative book loss of US$40.41 million.

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