$ETH Suspected Fenbushi Capital Wallet Deposits $25M ETH To Binance After 2 Years of Staking

Onchain data has just recorded a significant asset movement from longterm holders to an exchange, raising concerns about potential shortterm selling pressure.

🔸 On Jan 19, a wallet address suspected to be linked to Fenbushi Capital deposited a total of 7,798 ETH to Binance.

🔸 This ETH stash is valued at approximately $25 million. Notably, these assets had been staked for the past 2 years before being unstaked and moved to the centralized exchange today.

With a large amount of ETH being unlocked and moved to an exchange after a 2 year hold, is this a profit taking move or simply a portfolio restructuring by the fund?

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