Ethereum Whale Stakes 150,000 ETH After 8-Year Dormancy
An Ethereum whale has staked 150,000 ETH (approx. $6.56 billion) after eight years of ICO dormancy. OnchainLens on-chain monitoring revealed the wallet originally received 300,000 ETH when ETH traded near $9,330. The staking address (0x317B…) and ICO contract (0x7c53…) are publicly verifiable, allowing traders to audit the movement.
This Ethereum whale’s ETH staking may signal renewed confidence in network yields and influence Ethereum liquidity. All figures are drawn directly from on-chain data with no unverified estimates. Traders should monitor staking rates, ETH supply changes, and potential price volatility. Separately, Bit Digital reported 121,252 ETH in reserves, with 105,031 ETH staked and 249 ETH earned in rewards.
Bullish
The staking of 150,000 ETH by a long-dormant whale is bullish for Ethereum. Locking such a large volume reduces circulating supply, potentially tightening liquidity and supporting price. Historical whale staking events, such as major deposits to Ethereum 2.0 in late 2020, preceded bullish runs by signaling holder confidence. This renewed ETH staking also highlights attractive network yields, which can draw more capital into the staking market. In the short term, traders may see reduced sell pressure as locked ETH cannot re-enter spot markets immediately. Over the long term, sustained staking by large holders often underpins steady demand and reinforces positive sentiment around price appreciation.