The Ethereum ICO whale that has been silent for ten years awakens: 40,000 ETH not cashing out, directly staking.

[Chain News] On-chain data shows that an Ethereum ICO early address, which had been silent for a full decade, has recently taken new action. This address transferred 40,000 ETH and did not choose to cash out, but instead invested this asset worth approximately $120 million into ETH 2.0 staking.

It should be noted that those who were able to participate in Ethereum during the ICO period were basically the earliest believers in the industry. After ten years of inactivity, suddenly starting again and choosing to stake rather than sell conveys some signals. After all, staking means a lock-up period, indicating that holders still have confidence in the medium to long-term trend of Ethereum.

The movements of such old addresses are often closely monitored by the market. After all, the volume of 40,000 ETH, whether flowing into exchanges or entering staking pools, can create quite a stir in on-chain data.