This morning 60,000 ETH transferred to Coinbase Whale believed to be DARMA Capital co-founder Andrew Keys

BlockBeats News, April 7th. This morning, 60,000 ETH were redeemed from Ethereum staking and transferred to Coinbase. According to Ember Analysis, the owner of this ETH is DARMA Capital co-founder Andrew Keys, and this ETH has been staked for nearly 5 years.

In the past few days, these ETH were heavily redeemed and consolidated, then transferred to Coinbase. During the nearly 5 years of staking, these ETH gained approximately 18% in coin-based returns (16,000 ETH, valued at $34.2 million).

Public information shows that DARMA Capital (Digital Asset Risk Management Advisors) is a global investment management company that focuses on digital asset risk management and blockchain technology. The company was founded in 2017 and primarily provides professional risk management of digital asset exposure to institutional investors, emphasizing Quantitative Systematic Alpha Generation rather than traditional VC-style multi-token speculative portfolios.

Andrew Keys is the company's co-founder and Managing Partner. He previously served as the Head of Global Business Development at ConsenSys and was one of the early key advocates for the Ethereum ecosystem. Currently, Andrew Keys also serves as the co-founder of The Ether Machine.