ChainCatcher Latest News, on-chain analyst Yu Jin has detected a notable transaction activity: the address jitrust.eth of former Ontology co-founder @Andyjzd completed a large transfer just 20 minutes ago. He redeemed 4,669 ETH from Lido, worth approximately $15.65 million, and transferred it to Binance.

It is worth noting that these ETH were withdrawn from Binance at a price of $3,708 each a month and a half ago, while the price at the time of this transfer was $3,352 each, resulting in a loss of approximately $1.62 million. This action has sparked widespread attention and discussion in the market regarding the motivations behind it.