In-Depth Analysis: Fenbushi Capital Adds 2432 ETH to Staking, Worth Approximately $5.44 Million

On February 2, data from monitoring platform TheDataNerd revealed that Fenbushi Capital withdrew 2432 ETH, worth approximately $5.44 million, from Binance 10 minutes prior. This movement has drawn market attention as the firm typically stakes the withdrawn ETH.

Fenbushi Capital’s total staked ETH has now reached 10,944, with a current value of approximately $24.48 million. This indicates the firm’s positive outlook on the long-term development of the Ethereum network and its ongoing participation in network security and governance.

Trends in ETH Staking

In recent years, as Ethereum transitioned to a proof-of-stake model, more institutional investors have joined the staking trend. Fenbushi Capital’s actions align with this trend, highlighting its long-term commitment to the digital asset ecosystem.

• Total staked ETH: 10,944
• Current value: ~$24.48 million
• Latest withdrawal: 2432 ETH (~$5.44 million)