Data: Kanye's associated address is suspected to have increased its holdings by 4.7 million USD in ETH, currently collateralizing 21,109 ETH

According to on-chain analyst Ai Yi (@ai_9684xtpa), the address associated with Kanye West that is engaged in cyclical long positions on ETH appears to be increasing its holdings. After the news of the Binance hack was disclosed on October 30, this address had previously sold 1,390 ETH in batches to reduce liquidation risk, with an average price of approximately $2,275.6, totaling about $3.163 million, resulting in a loss of approximately $317,000.

After Binance opened large withdrawals, this address withdrew 2,074 ETH from Binance, valued at approximately $4.7 million.