This whale is accumulating $ETH in a way not everyone dares to.
A large wallet just withdrew another 19,000 ETH (~$35.4 million) from Gemini and locked it all into staking immediately afterward.
In just three weeks, this wallet has accumulated and staked a total of 112,000 ETH (~$208 million).
Continuously pulling ETH off exchanges to stake it, rather than keeping it liquid, signals strong conviction in the long-term trend, not preparation for short-term trades.
A large wallet just withdrew another 19,000 ETH (~$35.4 million) from Gemini and locked it all into staking immediately afterward.
In just three weeks, this wallet has accumulated and staked a total of 112,000 ETH (~$208 million).
Continuously pulling ETH off exchanges to stake it, rather than keeping it liquid, signals strong conviction in the long-term trend, not preparation for short-term trades.