Whale Liquidates stETH Holdings: Significant USDC Gain but Still Facing Losses

A substantial cryptocurrency whale has recently liquidated their staked Ether (stETH) holdings after holding the tokens for two years and two months. According to Onchain Lens, this sale amounted to 7,259 stETH, which resulted in a gain of $11.48 million in USDC despite experiencing a loss of roughly $158,000. This transaction highlights the volatility inherent in the Ethereum staking market.