Anonymous Whale Redeems Over 2 Million APEs from Pledge Contracts and Transfers to Exchanges

The anonymous whale redeemed 2,015,332 APE (about $4.45 million) from the pledge contract via two addresses and transferred them to the exchange, as monitored by on-chain data analyst Yu Ashes, who raised 1,685,052 APE (about $9 million) from the exchange to two addresses for pledge in mid-February at a likely average cost of $5.34. 

At the time of writing, APE was provisionally quoted at $2.30. Without the hedge, the whale would have lost about 50% ($4.55 million).