According to on-chain data, a major entity has deposited an additional 154,304 ETH (valued around $514M) to staking contracts within the past 5 hours. This latest move brings their total ETH stake to 1,685,088, representing approximately $5.62B in staked assets. Such substantial staking activities often signal institutional confidence in Ethereum's long-term value and can influence market sentiment. Tracking these large-scale deposits provides insight into whale behavior and capital allocation trends in the crypto market.
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According to on-chain data, a major entity has deposited an additional 154,304 ETH (valued around $514M) to staking contracts within the past 5 hours. This latest move brings their total ETH stake to 1,685,088, representing approximately $5.62B in staked assets. Such substantial staking activities often signal institutional confidence in Ethereum's long-term value and can influence market sentiment. Tracking these large-scale deposits provides insight into whale behavior and capital allocation trends in the crypto market.