Restaking Whale Moves 7,500 Ether From Ether.fi to Binance

An address beginning 0x924 moved 7,500 Ether (ETH) from Ether.fi to Binance over three days, a transfer worth more than $17.11 million that Ai 姨 characterized as a suspected sale.

The redemptions began Nov. 5 and accumulated to 7,500 ETH before the Binance deposit. The 7,500 ETH was redeemed from Ether.fi and later deposited at Binance. Ai 姨 characterized the transfer as suspected selling, but the observation does not confirm that a trade was completed.

The address also still had 1,483.94 ETH staked in Kelp DAO. That balance was in a separate staking position from the 7,500 ETH redeemed from Ether.fi. The reported activity therefore involved both an exchange deposit and ETH that remained staked in Kelp DAO.

The movement links three venues: Ether.fi was the source of the redemptions, Binance received the transferred tokens, and Kelp DAO held the remaining stake. The reported value of the Binance transfer exceeded $17.11 million.