60,000 ETH Redeemed and Transferred to Coinbase, DARMA Capital Gains 18% Yield

3 hours ago, 60,000 ETH ($129M) redeemed from Ethereum staking over the past two days was transferred to Coinbase. These ETH are likely owned by DARMA Capital co-founder @AK_EtherMachine and had been staked for nearly 5 years. ◎ In May 2021, an address labeled Andrew Keys staked 90,000 ETH into Ethereum staking. ◎ Over the past few days, these ETH were massively redeemed, consolidated, and then transferred to Coinbase. During the nearly 5 years of staking, these ETH earned approximately 18% yield in ETH terms (16,000 ETH, worth $34.2M). https://intel.(arkm.com)/explorer/address/0xA5CBCdBA37533E084104F7a2fB4F24c0亿77aA526 ---------------------------------------------------- Bitget VIP: Lower fees, bigger perks! Trade U.S. stocks with lightning-fast entry.