Whale withdrew ~$91M in ETH and BTC from Binance over the past week, staking 44.5K ETH into Lido.
DeFi & Yields ·
A single wallet has withdrawn approximately $91M in combined ETH and BTC from Binance over the past week, with the most recent transaction—9,883 ETH valued at $17.73M—occurring within minutes of the report. The account appears to be pursuing a staking strategy, having deposited roughly 44.5K ETH into Lido, equivalent to approximately $75M at the time of deposit.
The wallet's current composition reflects a mixed position across liquid staking and native holdings. Assets include 27,916 wstETH (the liquid staking token) valued at $61.91M, 9,884 ETH at $17.73M, and 250 WBTC at $16.01M. This distribution suggests the account is holding a significant portion of its ETH exposure through Lido's staking mechanism rather than maintaining all assets as spot holdings.
The timing and scale of these movements—particularly the rapid withdrawal from a centralized exchange—indicate deliberate portfolio positioning, though the longer-term strategy or the entity behind the wallet remains unconfirmed.