A certain whale has transferred approximately $63.37 million USD worth of ETH to CEX in the last 6 days.

According to crypto analyst Ember@EmberCN, a whale/institution is suspected of using the staking service platform Arthapala to stake $ETH and has been continuously transferring the redeemed $ETH to exchanges through multiple associated addresses since June 11. The latest discovered address shows that it has redeemed 59,916 $ETH (approximately $155 million), of which nearly 25,000 $ETH (approximately $63.37 million) have been transferred to CEXs such as HTX, Bybit, and OKX in the past 6 days. Combining previous data, the whale/institution has redeemed a total of approximately 155,000 $ETH and has cumulatively transferred as many as 120,000 $ETH to CEXs in the past month, worth approximately $297 million. [Odaily Planet Daily]