Cointelegraph reports that blockchain analyst Ember found two whales withdrawing a total of 5,572 ETH from Binance an hour ago, amounting to approximately $12.8 million. In one transaction, myparagon.eth withdrew 4,050 ETH (around $9.3 million) from Binance and deposited it into the Lido platform to gain a 3% annualized staking reward. In another transaction, an address starting with 0x14a removed 1,522 ETH (approximately $3.5 million) from Binance. Intriguingly, this address purchased a total of 5,000 ETH (around $11.4 million) in the past two days, averaging at $2,280 per ETH. This same batch of purchased ETH was then all deposited into the Lido platform. These activities showcase the active participation and strategic positioning of large-scale investors in the Ethereum staking market.