A prominent Ethereum whale has emerged from dormancy by reactivating a significant stake of 150,000 ETH, worth over $645 million. This move is seen as a major indication of institutional confidence in the cryptocurrency’s long-term prospects. 📈
Tracked by on-chain analyst @lookonchain, this whale chose to stake rather than sell their holdings, highlighting a preference for maximizing security and future returns through staking.
The Pectra upgrade played a key role in simplifying large-scale staking, reducing costs and boosting efficiency. This move reflects broader market trends favoring increased institutional participation in the network’s security and economic growth.