DARMA Capital Co-founder Sees Significant Returns on Ethereum Staking

A significant transfer of cryptocurrency has been detected on the blockchain. According to on-chain data, around 60,000 ETH was redeemed from Ethereum staking and deposited into Bitget.com.

The assets are believed to belong to DARMA Capital co-founder Andrew Keys, who had previously deposited approximately 90,000 ETH into staking in May 2021. The funds were redeposited in a concentrated manner recently.

Over the approximately five-year staking period, Keys earned around 16,000 ETH in returns, corresponding to roughly an 18% return denominated in ETH. This would currently be valued at about $34.2 million. The transaction's timing and details are currently under scrutiny by crypto analysts.