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Anonymous Ethereum millionaires move more funds to staking contract

Two anonymous transactions were made against the Ethereum staking contract, worth approximately $140 million. The most recent transaction of 22,500 was made within the last 12 hours only.

Anonymous Ethereum millionaire stakes 28,000 ETH in one transaction

While the two whales are not considered the largest in the contract, the transaction volume is just what makes them stand out. The first coin in the contract is held by another “ETH millionaire” with 62,000 Ether placed in the contract for almost 180 days.

After the market was hit by the correction and most coins lost up to 60% of their value, many traders and investors decided to move their funds to solutions like Staking Contracts Ethereum. The solution allows users to earn passive Ether income in exchange for their coins.

“Yesterday someone staked 28,000 ETH ($75m) with Lido Finance in 1 transaction. That’s the 5th largest staking tx into Lido so far. And today another 22,500 ETH was staked (7th largest)”, crypto analyst Alex Svanevik stated.

anonymous-ethereum-millionaires-move-more-funds-to-staking-contract

Source: Alex Svanevik/Twitter

Total ETH deposited into the contract currently stands at 1.9 million, with 30,600 unique depositors tracked by Nansen. As for the large transaction made today, according to Alex Svanevik, a wallet owned by the Gnosis decentralized infrastructure holds more than $30 million worth of GNO.

The second-largest position in the staking contract is being held by Three Arrows Capital, whose CEO previously described how the behavior of Bitcoin investors has changed in the market over the cycle. 2018. The analyst believes that the cryptocurrency industry has become a long-term investment industry, and many investors prefer to hold rather than speculate with the asset.

anonymous-ethereum-millionaires-move-more-funds-to-staking-contract

ETH/USD 4-hour chart | Source: TradingView

At press time, Ethereum is trading at $2,712, with a 4% price increase over the past 24 hours. Previously, the second-largest cryptocurrency in the market lost 19% of its value due to global risks in the financial markets.

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