Ethereum Whale Stakes $6.5 Billion ETH After 8 Years of Silence

A notable Ethereum whale, who has been inactive since its 2014 Initial Coin Offering (ICO), has recently staked a substantial amount of 150,000 ETH, valued at approximately $6.56 billion. This action signals renewed interest in the cryptocurrency and underscores institutional involvement in the network’s growth. The whale is believed to have connections with BitMine Immersion Technologies, an established institution known for its large ETH holdings. This move significantly influences Ethereum’s on-chain liquidity and highlights a growing trend of institutional adoption. Analysts suggest this could impact market confidence and even affect pricing patterns.