#Former Ontology co-founder transferred 4669 ETH#

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Overview

Andyjzd, a former co-founder of Ontology, recently redeemed 4,669 ETH from Lido and transferred it to Binance, amounting to approximately $15.65 million. These ETH were withdrawn from Binance a month and a half ago at a price of $3,708, and now transferred back at $3,352, resulting in a loss of $1.62 million. The event has attracted external attention, with many speculating about the reasons behind it, while others believe it may just be a personal investment decision.

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Analysis

Andyjzd, a former co-founder of Ontology, recently withdrew 4,669 ETH from Lido and transferred it to Binance, worth approximately $15.65 million. These ETH were withdrawn from Binance a month and a half ago at a price of $3,708 and are now being transferred back at a price of $3,352, resulting in a loss of $1.62 million. This event has sparked speculation about Andyjzd's motives for this operation. Some believe it may be for cashing out, while others think it may be for other investments. Currently, Andyjzd has not yet responded to this matter.

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Former

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Ontology

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co-founder

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Andyjzd

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withdrew

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4669

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ETH

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from

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Lido

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and

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transferred

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them

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to

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Binance.

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This

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transaction

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was

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worth

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approximately

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15.65

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million

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USD.

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Andyjzd

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withdrew

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these

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ETH

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from

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Binance

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a

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month

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and

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a

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half

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ago

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at

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a

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price

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of

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3,708

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USD

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and

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now

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transferred

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them

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back

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to

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Binance

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at

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a

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price

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of

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3,352

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USD

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resulting

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in

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a

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loss

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of

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1.62

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million

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USD.

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This

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could

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be

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due

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to

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Andyjzd's

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misjudgment

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of

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the

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ETH

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price

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trend

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or

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a

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change

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in

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his

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personal

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investment

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strategy.

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This

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event

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has

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raised

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concerns

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about

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the

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volatility

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of

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the

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cryptocurrency

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market

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and

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reminded

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investors

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to

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carefully

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consider

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the

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risks

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when

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investing.

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