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Ethereum Whale Stakes $2.55B ETH After $42.5M Profit

Bitcoin OG stakes 544,977 ETH worth $2.55B after closing longs with a $42.5M profit and buying $155M in spot ETH.

  • Whale closed $612.6M ETH longs with $42.5M profit
  • Reinvested $155M in spot ETH at $4,692 average
  • Staked total 544,977 ETH worth $2.55B in 6 days

An anonymous Bitcoin OG has taken the crypto market by storm with massive Ethereum trades. Over the past week, this seasoned investor closed long positions totaling 130,564 ETH (worth $612.6 million) at an average price of $4,692. This move locked in an impressive $42.5 million profit.

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But instead of stepping back, the trader doubled down on Ethereum by purchasing 33,381 ETH (valued at $155 million) in spot markets immediately after closing the longs.

$2.55 Billion in Ethereum Staked

What’s even more striking is the bigger picture. In just six days, this whale has acquired a total of 544,977 ETH, equivalent to $2.55 billion, and staked every single coin. This signals a strong long-term belief in Ethereum’s network and earning potential through staking.

Staking such a massive amount boosts network security and hints at major confidence in Ethereum’s proof-of-stake model. It also removes a large amount of ETH from the liquid supply, potentially influencing the token’s price.

What It Means for the Market

This kind of aggressive, strategic move by a major player often grabs attention. Not only does it show high conviction in Ethereum, but it also sends a message to other investors—staking is now a serious play, even for Bitcoin OGs.

Whether this will drive more whales to follow suit or tighten ETH supply remains to be seen, but one thing is clear: Ethereum continues to earn the trust of deep-pocketed players in crypto.

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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

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