Ethereum Whale Stakes Massive $646 Million ETH Holding

A prominent Ethereum investor, who participated in the 2014 ICO, has made a significant move by depositing a substantial portion of their holdings into the Ethereum staking network. This action comes as the price remains above $4,300, with positive market trends indicating bullish sentiment. The individual transferred approximately 150,000 ETH valued at around $646 million from dormant wallets. These funds are now locked in staking addresses, a move that reflects long-term confidence in Ethereum’s network security.