A whale has recently unbonded and deposited 95,313 ETH to a CEX in the past month, with unrealized losses potentially reaching as high as $40.41 million.

On July 8th, according to EmberCN monitoring, 5 hours ago, the last 3,631 $ETH was transferred out of a whale/institutional address. This means that they have moved all of their 95,313 $ETH (approximately $2.34 billion) redeemed from staking into a centralized exchange (CEX) within a month.

This $ETH was staked last year at an average price of $2,878. The average price at which it was moved to the CEX after redemption was $2,454, potentially resulting in a loss of up to $40.41 million.