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Analyst: 60,000 ETH transferred to Coinbase whale, possibly from DARMA Capital co-founder Andrew Keys

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ETH news: On April 7, 60,000 ETH was redeemed from Ethereum staking and transferred to Coinbase, according to Blockbeats. Analyst Yu Jin suggests the sender is likely Andrew Keys, co-founder of DARMA Capital. The ETH had been staked for nearly five years, generating approximately 18% in returns—16,000 ETH, valued at $34.2 million. ETH update: The transfer underscores long-term staking activity and potential movement by major holders.

BlockBeats report: On April 7, 60,000 ETH were withdrawn from Ethereum staking and transferred to Coinbase. According to analysis by Yujin, the owner of these ETH is Andrew Keys, co-founder of DARMA Capital, who has staked these ETH for nearly five years.


In recent days, these ETH were extensively redeemed and aggregated before being transferred to Coinbase. Over nearly five years of staking, these ETH generated approximately 18% in token-based returns (16,000 ETH, valued at $34.2 million).

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