PANews reported on August 8 that according to monitoring by on-chain analyst Yu Jin, a giant whale liquidated its 14,387 ETH (about 34.78 million US dollars) in the past three days, with a loss of 12.55 million US dollars.
He withdrew 14,384 ETH (about 47.33 million USD) from Binance at an average price of 3,290 USD between 6/22 and 8/4 and deposited it into 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 transfer it back to Binance from the evening of 8/5. One hour ago, the last 5,000 ETH was transferred to Binance.
Withdrawing from Binance at an average price of $3,290 and then transferring to Binance at an average price of $2,417, he may have lost $12.55 million (-26.5%) in this ETH investment.
