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A new address withdraws 13,000 ETH from Binance and deposits it all into Renzo

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As monitored by on-chain analyst Yu Jin, a newly created address withdrew 13,000 ETH ($46.7 million) from Binance in the past 19 hours at an average price of $3,592. The entire amount was then deposited into the Ethereum liquidity and re-collateralization protocol Ren, becoming the largest individual/institutional deposit address for Ren.

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