PANews July 9 news, according to on-chain analyst Yu Jin's monitoring, a certain whale/institution is suspected of using the staking service platform Arthapala for ETH staking, and has continuously transferred redeemed ETH to exchanges through multiple associated addresses since June 11. The latest discovered address shows that it has redeemed 59,916 ETH (approximately $155 million), of which nearly 25,000 ETH (approximately $63.37 million) has been transferred to CEX such as HTX, Bybit, OKX in the past 6 days.
Based on previous data, the whale/institution has redeemed a total of approximately 155,000 ETH and has transferred as much as 120,000 ETH to CEX in the past month, worth about $297 million.
