A giant whale will redeem all pledged ETH within 1 month and transfer it to the exchange, with a floating loss of about US$40.41 million.

According to Foresight News, according to Ember Monitoring, a giant whale/institution address transferred the last 3631 ETH 5 hours ago. This means that all 95,313 ETHs (approximately US$234 million) that it redeems from pledges have entered the centralized exchange within a month. These ETHs were pledged last year, with an average price of US$2,878 when pledged, while the average price transferred to the exchange after redemption was US$2,454, with a floating loss of US$40.41 million.
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