Analyst: This morning, 60,000 ETH transferred to Coinbase, suspected to be from DARMA Capital co-founder Andrew Keys

This morning, 60,000 ETH were redeemed from Ethereum staking and transferred to Coinbase. According to analysis by Yu Jin, the owner of this ETH is Andrew Keys, co-founder of DARMA Capital, and this ETH has been staked for nearly 5 years.

In recent days, these ETH have been largely redeemed and aggregated, then transferred to Coinbase. During the nearly 5 years of staking, these ETH earned approximately 18% in coin-based returns (16,000 ETH, worth 34.2 million USD).