One address deposited 14,062 ETH into Binance, worth approximately $32.82 million.

CoinFeed reported on May 7th that, according to AiYi, address 0x8Ad…Ab818 deposited 14,062 ETH, worth approximately $32.82 million, into Binance. This ETH had just been redeemed from the Ethereum staking protocol EtherFi, and the on-chain activity is suspected of being preparation for a subsequent sell-off.