Data: A major whale unstakes and deposits 95,313 ETH into CEX over the past month, with potential losses reaching $40.41 million

According to ChainCatcher, as monitored by Ember, the last 3,631 ETH from a certain whale/institutional address were transferred out five hours ago. This means that all 95,313 ETH (worth approximately $234 million) redeemed from staking over the past month have now been moved into CEXs.

These ETH were staked last year, with an average price of $2,878 at the time of staking. The average price when transferred into CEXs after redemption was $2,454, resulting in a potential loss of up to $40.41 million.