Dormant Ethereum ICO Wallet Stakes $120M, Signaling Confidence in Proof-of-Stake System

An anonymous Ethereum ICO wallet, dormant for over a decade, has recently moved approximately $120 million worth of ETH into staking. This move, tracked by on-chain systems, hints at long-term confidence in the network’s staking system and contributes to the total staked value. While this transaction itself doesn’t immediately impact liquidity or trigger official responses, it suggests a positive outlook on Ethereum’s future.