According to on-chain analyst Ember (@EmberCN), three hours ago, approximately 60,000 ETH (valued at around $129 million) were transferred to Coinbase after being redeemed from Ethereum staking. This batch of ETH is believed to belong to Andrew Keys, co-founder of DARMA Capital, who deposited 90,000 ETH into Ethereum staking in May 2021. Over nearly five years of staking, he accumulated approximately 16,000 ETH in token-based rewards, valued at around $34.2 million.
Whale transfers 60,000 ETH to Coinbase, possibly belonging to DARMA Capital co-founder Andrew Keys
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Summary
ETH news: A whale transferred 60,000 ETH ($129 million) to Coinbase after unstaking, according to chain analyst EmberCN. The funds may belong to Andrew Keys of DARMA Capital, who staked 90,000 ETH in May 2021. Over nearly five years, the staking generated 16,000 ETH ($34.2 million), representing an 18% return. This ETH update highlights a significant on-chain movement tied to a prominent figure in crypto.
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