The 5-Year Whale Stakes $95M Ethereum: Is It Expecting an Uptrend?

The Ethereum whale, which has been inactive for about 5 years, has broken its silence and staked more than 53 thousand ETH.

Provided by the on-chain analytics platform Lookonchain data revealed the interest of whales towards Ethereum. An anonymous whale, approx. 95 million dollars worth 53,024 ETH decentralized finance (DeFi) platform Abyss Finance staked on it. The said transaction took place on March 31 at around 08:30 CEST.

According to experts, the whale thinks that the Ethereum price is low yet, expects a rise and aims to increase its investment through staking.

When the historical wallet data of the anonymous user who is the subject of the news is examined, it is seen that the first purchases 2017 And 2018 It seems to date back to the year. Whale, which made large purchases especially in 2017, Poloniex And Bittrex such as the stock markets. After purchase approx. inactive for 5 years The average cost of Ethereum purchases of the waiting whale 368 dollars it seems to be.

On the other hand, the average staking revenue of the Ethereum network is about approx, according to data provided by Ethereum.org. 4.9% watching around. Currently on the Ethereum mainnet 558 thousand 689 validators And 17 million 884 thousand There is Ether staked.


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