890,000 ETH unstaked and waiting too long》A large investor would rather sell 50,000 US dollars and accelerate the cashing out of 4242 stETH

This article is machine translated
Show original

According to the validator queue tracking website Validatorqueue data, the current Ethereum network exit queue is 893,599 tokens, which is close to $4 billion at current prices, with a withdrawal waiting time of about 15 days.

Against the background of waiting for over two weeks, the on-chain data analysis platform Lookonchain posted at noon that the address 0x2aC9 directly exchanged 4,242.4 stETH for 4,231 ETH at market price (transaction amount of approximately $18.74 million).

After completing the exchange, the address immediately transferred all obtained ETH to the exchange Kraken, seemingly to cash out. This operation received 11.4 ETH less than the theoretical 1:1 exchange ratio, which means he paid a price difference loss of about $50,500.

Although the total proportion is less than 0.3%, if ETH's price drops by more than 0.3% during this period, he would still be profitable; however, the action of being willing to pay fifty thousand dollars to "get off early" has sparked community discussion about whether he had advance knowledge of something.

Follow-up Observation: Queue Speed and Discount Extent

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments