A certain whale transferred 12,506 ETH to CEX after finishing 15 months of re-pledge mining, valued at 32.58 million US dollars

According to on-chain analyst Yu Jin, 6 hours ago, a certain whale ended its 15-month re-pledge mining and then transferred 12,506 ETH ($32.58 million) into Bybit, earning up to $19.43 million in profits through airdrops and the appreciation of ETH.

This address withdrew 11,987 stETH ($22.8 million) from CEX at an average price of $1,902 between July and August 2023, then deposited it into EigenLayer/Puffer/Zircuit and other re-pledge platforms to earn airdrops. Today it ended its 15 months of re-pledge mining by redeeming all the ETH back into CEX.

Over these past 15 months they have earned total revenue of $19.43 million (Zircuit has not yet issued an airdrop):

· Airdrop earnings ($9.65 million):2.667 Million EIGEN +845K PUFFER;
· Profit from rise in value of ETH ($8.42 million): From $1,902 rising to $2,605;
· Staking earnings($1.36million):519ETH.