According to information shared by on-chain analyst Yu Jin, a certain whale cleared 14,387 ETH in the past three days, with a total value of approximately US$34.78 million.

It is reported that the address withdrew 14,384 ETH from Binance at an average price of $3,290 between June 22 and August 4, which was worth approximately $47.33 million at the time and deposited it into Lido for pledge. However, following the crash on August 5, the address gradually redeemed ETH from Lido in batches and transferred it back to the Binance exchange.

According to calculations, if the average withdrawal price of US$3,290 is used as the cost price, and the average recharge price of US$2,417 is used as the selling price. His ETH investment may have lost $12.55 million, with a return rate of -26.5%.

A whale liquidated 14,387 ETH ($34.78M) in the last 3 days, losing $12.55M. He withdrew 14,384 ETH ($47.33M) from Binance at an average price of $3,290 from 6/22 to 8/4 and deposited it in Lido for staking. Then the market plummeted on 8/5, which may have made him lose confidence. He began to redeem ETH from Lido in batches and transferred it back to Binance from the evening of 8/5. An hour ago, the last 5,000 ETH… pic.twitter.com/tbpwQDKnDN

— Ember (@EmberCN) August 8, 2024

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