New wallet withdrew 10K ETH (~$18.58M) from Binance and immediately staked it via Ether.Fi, receiving ~9,091 liquETH.
DeFi & Yields ·
A newly created wallet moved 10,000 ETH worth approximately $18.58 million off the Binance exchange in a transaction tracked via Nansen AI data. The wallet immediately deposited the full amount into Ether.Fi's staking protocol, receiving roughly 9,091 liquid ETH tokens in return.
The flow moved sequentially from Binance to the new address 0xf23c9b89700cd03fb602f3d076086f9b9d19a2ca, then into Ether.Fi staking, with the liquETH balance reflecting the staked position. Large ETH withdrawals from centralized exchanges followed by immediate staking often signal conviction in holding and yield generation.
What remains unclear is whether this represents a single institutional or high-net-worth participant, the intent behind the newly created wallet structure, or whether similar flows are occurring across other staking protocols during the same period.