Data: An anonymous whale redeemed over 2 million APE from the staking contract and transferred it to Binance, potentially incurring a loss of up to 4.55 million USD

According to ChainCatcher's message, on-chain data analyst Yu Jin monitored that an anonymous whale redeemed 2,015,332 APE (approximately 4.45 million USD) from the staking contract through two addresses and transferred it to Binance. This whale had staked 1,685,052 APE (approximately 9 million USD) from Binance to the two addresses in mid-February, with an average cost price possibly around 5.34 USD.

As of the time of writing, APE is reported at 2.2323 USD. If there are no hedging activities, this whale may incur a loss of about 50% (approximately 4.55 million USD). (Source link)