Giant Ethereum (ETH) Whales Move Over $110,000,000 in Crypto As Markets Stall – Here’s What They’re Up To
A pair of “giant” whales are conducting big transactions on the Ethereum (ETH) network, on-chain data sleuths report.
According to blockchain tracking firm Lookonchain, two whales each staked 8 figures worth of ETH and Staked Ethereum (stETH) early on Monday.
Lookonchain says the two whales staked their coins through Agility, a liquid staking derivatives (LSDs) and trading platform.
“We noticed 2 giant whales staked 29,073 stETH ($60.7M) and 26,550 ETH ($55.4M) via
Whale ‘0x3f34 staked 18,694 stETH($39M) and 11,550 ETH($24M).
CZSamSun staked 10,379 stETH($21.7M) and 15,000 ETH($31.4M).”
One of the wallets, labeled as CZSamsun, has over $193 million in assets, according to Web3 portfolio tracker Debank. The other wallet has $93 million, according to Debank.
According to the firm, a whale sent Tether (USDT) to Binance and picked up nearly $1 million worth of FTM and over $3 million worth of LRC to add to its big stacks.
“A whale transferred USDT to Binance to buy FTM and LRC.
The whale received 7.56M LRC($3.1M) and 1.84M FTM($981K) ~1 hr ago.
Currently holding 9.75M $FTM ($5.2M) and 9.3M $LRC ($3.8M).
The buying cost of mFTM is ~$0.4040, and the buying cost of LRC is ~$0.4157.”
At time of writing, Ethereum is trading at $2,079, while FTM is trading for $0.523 and LRC is going for $0.40.
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