Ethereum Whale Suddenly Awakens, Stakes $7.4M After 2-Year … – Investing.com UK

Category: Ethereum

Benzinga - An Ethereumwhale that had been dormant for over 2 years has suddenly woken up.

What Happened: According to the on-chain platform Lookonchain, the whale, who was an ICO participant in Ethereum, created a contract just 3 hours ago and staked 4,032 ETH, worth a staggering $7.4 million.

Upon further investigation, it was revealed that the whale received a total of 60,000 ETH at Genesis. At the time of writing, this is worth $109.47 million.

See More:The Art Of The Future: Lisa Rays TheUpsideSpace Bring NFTs To Center Stage

Why It Matters: Its not clear what prompted the whale to suddenly wake from its slumber and stake such a significant investment.

Whales holding over 1,000 ETH, appear to be playing a role in keeping the price from rising as they are not showing an interest in re-accumulating at current prices, according to data from Glassnode.

The on-chain data shows that the number of Ethereum addresses holding 1,000 or more coins has just hit a 6-month low of 6,435.

Join the millions of people who stay on top of global financial markets with Investing.com.

Download Now

Original post:

Ethereum Whale Suddenly Awakens, Stakes $7.4M After 2-Year ... - Investing.com UK

Related Posts
May 18th, 2023
No comments yet

Comments are closed.