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Analysis: This morning, 60k ETH transferred to Coinbase whales are suspected to be linked to DARMA Capital co-founder Andrew Keys.
Golden Finance reports that, according to on-chain analysts monitored by on-chain analyst Yu Jin, this morning 60k ETH were redeemed from Ethereum staking and transferred to Coinbase. According to Yu Jin’s analysis, the owner of these ETH is Andrew Keys, co-founder of DARMA Capital; these ETH have been staked for nearly 5 years. In recent days, these ETH were redeemed in large amounts, consolidated, and then sent to Coinbase. During the nearly 5 years of staking, these ETH earned approximately 18% in coin-denominated returns (16k ETH, worth $34.2 million).