PANews reported on June 27 that according to on-chain analyst Yu Jin’s monitoring, a certain ETH staking whale/institution pledged 40,128 ETH in March last year and redeemed these ETH a month ago. Then, in the past two weeks, a total of 41,400 ETH (worth $100 million) was dispersed and transferred to multiple CEXs, mainly HTX.

However, when they pledged last year, the price of ETH was around $3,227, and now the price of ETH is only $2,417. In other words, they lost $28.8 million after staking for more than a year.