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Analysis: 60,000 ETH Transferred to Coinbase, Suspected to Belong to DARMA Capital Co-founder Andrew Keys
According to on-chain analyst Yu Jin, this morning, 60,000 ETH were redeemed from Ethereum staking and transferred to Coinbase. Yu Jin’s analysis indicates that the owner of this ETH is Andrew Keys, co-founder of DARMA Capital, and these ETH have been staked for nearly 5 years. In recent days, these ETH were largely redeemed and consolidated before being transferred to Coinbase. During the nearly 5 years of staking, these ETH earned approximately 18% in coin-based returns (16,000 ETH, valued at $34.2 million).