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Restaking Wallet Redeems 7,500 Ether and Sends It to Binance

The Ether was valued at more than $17.11 million. The address still had 1,483.94 ETH staked with Kelp DAO.

By Enna Lee
Published
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An unmarked metal token rests beside a narrow deposit slot / TokenPost.ai
An unmarked metal token rests beside a narrow deposit slot / TokenPost.ai

A restaking wallet redeemed 7,500 Ether (ETH) from Etherfi over nearly three days beginning Nov. 5 and transferred the tokens to Binance, moving more than $17.11 million in value to the exchange. The wallet address was identified as 0x924...a2BB0.

The address still had 1,483.94 ETH staked with Kelp DAO when the activity was observed. The redemptions and Binance deposits involved Ether from its Etherfi position, while the separate Kelp DAO stake remained in place.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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