Alright, the sale of ETH by this whale/institution isn't over 😭 because a new address has been discovered.
This address has also been transferring ETH to CEXs like HTX, Bybit, OKX in batches after redeeming ETH.
Currently, this address has redeemed 59,916 ETH ($155 million), and in the last 6 days, it has transferred 25,000 ETH ($63.37 million) to CEX.
This means that this whale/institution has redeemed a total of up to 155,000 ETH from staking, and has transferred 120,000 ETH ($297 million) to CEX over the past month since June 11.
Additionally, this whale/institution is likely using a dedicated staking service platform called Arthapala for ETH staking: because the addresses they used to redeem ETH intersect with the addresses owned by arthapala.
Address🔗👉: 0xE913F7C3CFd476Bd71243dA9923Bc40a708aaCeC