Data: A certain institution transferred 52,739 ETH to CEX in the past two days, equivalent to approximately 129 million USD

According to on-chain analyst Yu Jin's monitoring, a certain institution has successively transferred 52,739 ETH (approximately 129 million USD) to six CEXs including Binance and OKX from yesterday until now. Currently, there are still 101,561 ETH (approximately 249 million USD) in the address.

The ETH originated from withdrawals from Coinbase at an average price of about 1,700 USD between 2021 and 2022, was deposited into Ethereum staking in 2023, and was redeemed from staking last January. In the past two days, it has been aggregated into two wallets and then successively transferred to multiple CEXs.