Whale Sells stETH After Two-Year Hold, Making USDC Gains Amidst Losses

A large investor, known for its substantial holdings in decentralized finance (DeFi) tokens, recently made a move that impacted the stETH market. According to data from Onchain Lens and reported by Odaily, this whale sold 7,259 stETH after holding them for nearly two years. This transaction yielded an average price of $1,581 per stETH, resulting in a substantial gain of approximately 11.48 million USDC. However, the sale came at a cost: the investor is now estimated to have lost around $158,000.