Ethereum Whales Withdraw and Stake Over Millions Worth of ETH In Just Six Days

[ABCbits]

Ethereum Whales Withdraw and Stake Over Millions Worth of ETH In Just Six Days

Three large Ethereum ($ETH) holders, colloquially known as “whales,” have withdrawn a combined total of over $64 million worth of the cryptocurrency from centralized exchanges in over the last six days.

One notable withdrawal involved 14,632 ETH, valued at approximately $45.5 million, from leading cryptocurrency exchange Binance. According to on-chain analysis service Lookonchain, which first reported on the transactions, this whale staked the entire amount, potentially indicating a long-term bullish stance on Ethereum’s future. Read more here.


While it's not stated whether those whale stake ETH by themselves or on non-custodial staking pool, it's good to see whale not depends on exchange to store their coins. I wonder whether they finally realize how much coin (in USD value) stored on exchange. Your opinion is greatly appreciated.

[Zed0X]

So whales know the not your keys, not your coins too Seriously though, I was thinking they staked them on a pool that announced airdrops but realized they don't need that free money. They probably just wanted to be validators.

[ABCbits]

So whales know the not your keys, not your coins too

And actually doing it .

Seriously though, I was thinking they staked them on a pool that announced airdrops but realized they don't need that free money. They probably just wanted to be validators.

Become validator while staking ETH also give a bit of free ETH though.

[joniboini]

It makes me wonder if the recent news about Binance affects their decision or not (who can say they don't know some insider news). It's hard to believe those are all of their money though, I wouldn't be surprised if they still left tons of money on exchanges while staking the rest of their capital. I've seen some whales saying that their $1 million gain from trading is too little in the past, although I'm not sure if they are truly whales or just a third party who collects funds from the average joe.

[MUGNIA]

Seriously though, I was thinking they staked them on a pool that announced airdrops but realized they don't need that free money. They probably just wanted to be validators.

Become validator while staking ETH also give a bit of free ETH though.

This method is a trend when the market is sluggish, without reducing the quantity, but providing profits with the same ETH, it's no secret that ETH owners will definitely do this looking for profits, rather than just in the wallet without making a profit

[ABCbits]

It makes me wonder if the recent news about Binance affects their decision or not (who can say they don't know some insider news). It's hard to believe those are all of their money though, I wouldn't be surprised if they still left tons of money on exchanges while staking the rest of their capital. I've seen some whales saying that their $1 million gain from trading is too little in the past, although I'm not sure if they are truly whales or just a third party who collects funds from the average joe.

When this news was published, the only bad news about Binance is about money laundering accusation in Nigeria. If they cornered about that, they should've done that earlier when Binance fined by U.S. for money laundering. Anyway, i also doubt they withdraw all their coin or fiat from exchange, especially if they also perform short term trading.

[bitterguy28]

Ethereum Whales Withdraw and Stake Over Millions Worth of ETH In Just Six Days

let us be alarmed when it is worth Billions , but since this is only million worth of ethereum then maybe some whales are just playing with their funds , watch those addresses activities to what they are doing to those funds , maybe they are just run moving back and port their funds because there are no big drops happening  in ethereum price .