Kanye West's associated address appears to have added $4.7 million worth of ETH, currently staking 21,109 ETH.
Original headline侃爷关联地址疑似加仓 470 万美元 ETH,当前抵押 21,109 枚 ETH
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An address linked to Kanye West, running a looped long position on ETH, appears to have added to its position, per on-chain analyst Ai (@ai_9684xtpa). After the Binance hack disclosure on October 30, the address sold 1,390 ETH in batches at an average price of roughly $2,275.6, worth about $3.163 million, at a loss of approximately $317,000, to reduce liquidation risk. Following Binance's large-scale reopening of withdrawals, the address today withdrew 2,074 ETH from Binance, valued at about $4.7 million. The address currently has 21,109 ETH staked in its leveraged long position. The move signals renewed conviction in the ETH long despite earlier risk-driven selling, and watchers should monitor the position's health factor and any further deposits or withdrawals from the address for signs of deleveraging or liquidation risk.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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ETH (ETH), Kanye West (Ye), Binance
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