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

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/52225
Published: 2026-11-09T10:52:17.000Z
Updated: 2026-11-09T10:52:17.000Z
Section: Investing

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

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.