Kanye West's associated address is suspected of adding a $4.7M ETH position, with 21,109 ETH currently staked.

According to on-chain analyst Auntie Ai (@ai_9684xtpa), an address linked to Kanye suspected of maintaining a leveraged long position on ETH appears to have increased its exposure. Following the disclosure of the Binance hack on October 30, the address sold 1,390 ETH in tranches to mitigate liquidation risk, at an average price of approximately $2,275.6 per ETH, totaling approximately $3.163 million, incurring a loss of approximately $317,000. After Binance resumed large-scale withdrawals today, the address withdrew another 2,074 ETH from the exchange, valued at approximately $4.7 million.