According to Foresight News, a 'whale', a term used to describe a large cryptocurrency holder, has made a significant move after two years of inactivity. The whale has deposited 1300 Ethereum (ETH), equivalent to 4.1 million USD, into Lido.
Lido is a liquid staking solution for ETH 2.0, which allows users to earn staking rewards without locking up their assets. The deposit by the whale indicates a significant investment into the platform.
The activity was monitored and reported by Scopescan, a blockchain analysis tool. The deposit marks a notable return to activity for the whale, who had been silent for the past two years. The reasons behind the whale's inactivity and sudden deposit remain unknown.