A Whale Withdrew 8000 ETH From Binance to Participate in Sky Protocol Staking

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September 20, 2024
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According to on-chain analyst @ai_9684xtpa, a whale with the address 0xc08...37ffb withdrew 8,000 ETH (approximately $19.68 million) from Binance an hour ago. They then deposited it into Spark Protocol, borrowed 14 million DAI, swapped it for sUSDS, and staked it on Sky Protocol. Currently, they have received 12.28 million SKY tokens as a reward.

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