Restaking Whale Moves 7,500 Ether From Ether.fi to Binance

An address beginning 0x924 moved 7,500 Ether (ETH) from Ether.fi to Binance over three days, a transfer worth more than $17.11 million that Ai 姨 characterized as a suspected sale. The redemptions began Nov. 5 and accumulated to 7,500 ETH before the Binance deposit. The 7,500 ETH was redeemed from Ether.fi and later deposited at Binance. Ai 姨 characterized the transfer as suspected selling, but the observation does not confirm that a trade was completed. The address also still had 1,483.94 ETH staked in Kelp DAO. That balance was in a separate staking position from the 7,500 ETH redeemed from Ether.fi. The reported activity therefore involved both an exchange deposit and ETH that remained staked in Kelp DAO.

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