Whale 0x837 has made another significant move by withdrawing 1,728 $ETH ($5.86M) from Binance and staking it to Compound.
Transaction Details:
Transaction Hash: 0x24894ba99bf05b30334ff87a70b415c7e580c36035bd3c5960790c868f016d68
Address: 0x83768992b44f9afad68889ca59f36507fe00d8f7
ETH Withdrawal and Staking:
Withdrawn from Binance: 1,728 ETH ($5.86M)
Staked to Compound: Entire amount
Previous PEPE Transaction:
Deposited: 1.4 trillion PEPE (then worth $17.47M) to Binance 4 days ago
Withdrawn: 4,374 ETH at an average price of $3,410 (estimated cost: $14.92M)
The whale appears to be shifting from $PEPE to ETH. The estimated loss from the PEPE investment was $2.28M (-7.62%) after holding the position for over a month.
Summary:
Whale 0x837 is actively managing its portfolio by moving out of PEPE and into ETH, utilizing Compound for staking the withdrawn ETH. This strategic repositioning indicates a preference for ETH over PEPE, possibly to mitigate losses or pursue better returns.