A major whale transferred 4,000 ETH to a CEX two hours ago

According to on-chain analyst AiYi, LRT staking whale 0x346 deposited 4,000 ETH into a centralized exchange (CEX) two hours ago, valued at $9.14 million. This batch of ETH was redeemed from Renzo a year ago, then deposited into StakeStone, and withdrawn again two hours ago. The cost basis was approximately $2,310 per ETH, so if sold now, it would result in a loss of $216,000.