Whale moves 60,000 ETH to Coinbase; funds may be tied to DARMA Capital cofounder Andrew Keys

Onchain analyst Ember (@EmberCN) reported that about three hours ago roughly 60,000 ETH, worth approximately $129 million, was transferred to Coinbase after being withdrawn from Ethereum staking. The ETH is believed to be linked to Andrew Keys, cofounder of DARMA Capital, who staked 90,000 ETH in May 2021. Over nearly five years, the position generated an estimated 16,000 ETH in token-based rewards, valued at about $34.2 million.