Analyst: 60,000 ETH sent to Coinbase, reportedly tied to DARMA Capital cofounder Andrew Keys

ChainCatcher reports that 60,000 ETH were unstaked from Ethereum this morning and transferred to Coinbase. Analyst Yujin said the funds are believed to belong to Andrew Keys, a cofounder of DARMA Capital, who had kept the ETH staked for nearly five years. In recent days, the ETH was gradually withdrawn and consolidated before being moved to the exchange. Over the staking period, the position is estimated to have earned about an 18% token-denominated return, roughly 16,000 ETH worth around $34.2 million.