Recently, whales who have withdrawn millions of dollars worth of Ethereum (ETH) from exchanges and staked them have attracted attention.
In the past week, the moves of two different Ethereum whales attracted attention. On-chain analysis platform lookonchain provided by to data According to reports, whales chose to stake Ethereum after withdrawing millions of dollars worth of Ethereum from exchanges.
According to the data “0x7838The whale wallet named ” is from the cryptocurrency exchange Binance $7.2 million worth 4,288 ETH After withdrawing, he staked all of these assets.
With this “0x4b7BAnother whale wallet named ” is also from Binance for approximately $16 million worth 9,530 ETH he bought it into his own wallet and then chose to stake it.
Market analysts say this move by the whales is especially due to futures markets, which have been on the agenda lately. Ethereum exchange-traded fund (ETF) He claimed that it was linked to the news that their applications would be approved. In the comments, whales are talking about a possible disaster with the approval of the Ethereum futures ETF. preparation for the rally What he did was included.
Staking transaction is the transaction of an investor on the investment in question. long-term while showing what you think supply in the market by taking it out of circulation for a certain period of time sales pressure decreases It helps.
Especially the Ethereum network Proof of Stake (PoS) increasing staking rates with the transition to the system, both investors passive income while ensuring that the network becomes more to operate in a healthy and safe manner It helps.