Another massive ETH withdrawal just left Binance.
Wallet 0x2d59 withdrew 40,000 $ETH , worth around $76.58M, from Binance about 1 hour ago. Then, just minutes later, the entire 40,000 ETH was deposited into the Ethereum Beacon Deposit Contract for staking.
A fresh $76M+ ETH staking move like this is another strong sign of long-term conviction rather than short-term selling.
Address: 0x2d5979DC265e1349d13410fC1f5d5Db6C12BB177
{future}(ETHUSDT)
{spot}(ETHUSDT)
$BABY explorer numbers hit different than I expected 10,549,319,413 #baby minted on chain and only 20.29% of it actually bonded in the staking module staking explorer.com, pulled this week . @babylonlabs_io task expecting that number to be higher. Nah. Four out of five tokens just… sit there.
Liquid, unbonded, not doing anything structural in governance or validator weight. Quick distinction though BTC staking is what actually backs the security layer, that's a separate mechanism. This is spec...
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