Ethereum Whales Stake Billions After Record-Breaking Profits

A prominent Bitcoin investor, known for their long history in the industry, has sent ripples through the Ethereum market by securing a staggering $2.55 billion in staked ETH after generating significant profits from recent trades. This investor strategically closed positions totaling 130,564 ETH (worth $612.6 million) at an average price of $4,692. This move resulted in a $42.5 million profit and subsequent reinvestment into the spot market with a purchase of 33,381 ETH for $155 million. In just six days, the investor accumulated 544,977 ETH, equivalent to $2.55 billion, and staked them all. This decision signifies a deep-seated belief in Ethereum’s long-term potential and the effectiveness of its proof-of-stake model for earning returns.