PANews reported on April 7th that, according to Ember, 60,000 ETH (worth approximately $129 million) redeemed from Ethereum staking in the past two days were transferred to Coinbase three hours ago. This ETH belonged to Darma Capital co-founder @AK_EtherMachine and had been staked for nearly five years.

Back in May 2021, an address identified as Andrew Keys deposited 90,000 ETH into Ethereum for staking. Recently, a large amount of these ETH were redeemed and consolidated before being transferred to Coinbase. During this period of staking, these ETH earned approximately 18% in coin-denominated terms (approximately 16,000 ETH, worth about $34.2 million) over nearly five years.

According to previous reports, a whale transferred 60,000 ETH to Coinbase within 4 hours, worth approximately $128.8 million .