A whale/institution transferred $8.94 million worth of LDO and AAVE to Binance, or lost $5 million

Odaily News According to the monitoring of the on-chain analyst Ember, a whale/institution transferred the last batch of ETH ecological tokens (LDO and AAVE) worth $8.94 million to Binance 2 hours ago, which means that the operation of this whale/institution betting on the favorable market of Ethereum ETF ended with a loss of $5 million. This whale/institution bought about $52.6 million of ETH ecological related tokens (including LDO/UNI/AAVE/ENS/LINK/FXS, etc.) after the 19-4 document of ETH spot ETF was approved at the end of May. It should be that ETH ecological related tokens will have a wave of market under the favorable stimulus of Ethereum ETF. However, as the imagined market did not appear in the follow-up, this whale/institution sold these ETH ecological related tokens in recent period and completed all transfers to Binance today. In general, his loss in this wave of betting on ETF market is about $5 million (-10%).