A Whale's ETH Staking Loss Totaled $4.66 Million Over Three and a Half Months

BlockBeats News, November 21st, according to EmberCN monitoring, a whale staked ETH for three and a half months, earning 31 ETH in interest (worth $80,000), with a principal loss of $4.66 million.

The whale withdrew 4,000 ETH from Binance in early August and deposited it into Lido for staking and interest earning. Half an hour ago, they redeemed all 4,031 ETH and transferred them to Kraken. The ETH price dropped from $3,905 at the time of their staking to $2,682.