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cryptonews
2023-01-25 00:57:00

Long Dormant Ethereum Whale Suddenly Stakes 49K ETH – Here’s How Increased Staking Participation Can Boost ETH’s Price

Long Dormant Ethereum Whale Suddenly Stakes 49K ETH – Here’s How Increased Staking Participation Can Boost ETH’s Price

A long-dormant Ether whale who participated in the Ethereum Initial Coin Offering (ICO) might be about to stake a massive 32,015 ETH tokens, according to on-chain analytics-focused Twitter account @lookonchain. The ICO participant staked 48,992 ETH back in October, ending six years of dormancy at the time. According to @lookonchain, the whale transferred 32,015 ETH tokens to a new address earlier this week, which they think the whale may be about to stake.... Read More: Long Dormant Ethereum Whale Suddenly Stakes 49K ETH – Here’s How Increased Staking Participation Can Boost ETH’s Price

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