DARMA Capital Co-Founder Linked to 60,000 ETH Transfer to Coinbase After Five Years of Staking

Odaily Planet Daily reported that crypto analyst Ember (EmberCN) flagged a transfer of roughly 60,000 ETH to Coinbase about three hours after the funds were withdrawn from Ethereum staking. The transaction is valued at around $129 million. On-chain data suggests the ETH may be associated with Andrew Keys, a co-founder of DARMA Capital. Records indicate that about 90,000 ETH was deposited in multiple batches for staking in May 2021. The position was recently withdrawn and consolidated in a short period. Over roughly five years of staking, the address accrued about 16,000 ETH in rewards, implying an ETH-denominated return of around 18%, worth approximately $34.2 million at current prices.