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7,798 ETH Withdrawn After Two-Year Stake and Sent to Binance, Wallet Tied to Fenbushi Capital
According to on-chain data shared by Lookonchain on January 19, 2026, a wallet potentially associated with Fenbushi Capital moved 7,798 ETH, valued at $25 million, from a two-year staking position to Binance, likely to sell. The transfer coincided with Ethereum sliding 4.5% from $3,360 to about $3,220, while CoinShares reported $1.55 billion of weekly inflows into Bitcoin products and hundreds of millions into Ethereum and Solana. Over the same period, Bitcoin fell on new U.S. trade tariffs against Europe before rebounding from $92,490 to $93,180, with an analyst attributing the move to renewed spot demand.