An address related to DARMA Capital co-founder transferred 60,000 ETH, staked for nearly five years, to an exchange
According to Odaily, crypto analyst EmberCN has monitored that approximately 60,000 ETH, worth around $129 million, were redeemed from Ethereum staking and deposited into an exchange about 3 hours ago. This batch of assets likely belongs to DARMA Capital co-founder Andrew Keys.
On-chain data shows that in May 2021, he deposited around 90,000 ETH into staking in batches, recently redeemed them in a concentrated manner and transferred them out. Over an approximately 5-year staking period, he earned a total of about 16,000 ETH in returns, corresponding to roughly an 18% return denominated in ETH, with a current value of around $34.2 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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