Significant ETH Transfer to Binance and Decline in Lido's TVL
9/6/2024 10:03:39 AM
According to @0xScopescan, an address identified as 0x435 received 6,000 ETH (valued at $14.26 million) from Lido Finance and subsequently deposited all of it to the Binance exchange. This transaction comes amid a notable decline in Lido's Total Value Locked (TVL), which has dropped from $32 billion to $23 billion over the past month, coinciding with the drop in ETH prices to $2,300. (Source)
ETH Binance TVL Lido Finance