ChainCatcher reported, citing monitoring by on-chain analyst Yu Jin, that an address associated with F2Pool co-founder Wang Chun (@satofishi) carried out a series of ETH movements after ETH fell below $1,700 at the beginning of this month. Over roughly half a month, the related address withdrew 54,500 ETH from Binance, with the withdrawn assets valued at about $93.25 million based on the figures disclosed in the newsflash.
37,400 ETH moved into staking
According to the same monitoring, the address subsequently staked 37,400 ETH from the withdrawn amount, valued at approximately $63.88 million. The original ChainCatcher item disclosed the associated person, the exchange involved, the amount withdrawn, the estimated dollar value and the amount staked.
The timeline presented in the report links the activity to the period since ETH broke below $1,700 earlier this month. The available information is limited to the observed withdrawals from Binance and the later staking action by the associated address.