Anonymous Ethereum millionaires move more funds to staking contract
Two anonymous transactions were made on the Ethereum staking contract, worth around $140 million. The most recent transaction of 22,500 was made just eight hours ago, according to tracking platform Nansen.
While the two whales are not considered the largest ones in the contract, the volume of only one transaction is what makes them stand out. The first in the contract is held by another “ETH millionaire” with 62,000 Ether staked in the contract for almost 180 days.
After the market was hit by a correction and the majority of coins lost up to 60% of their value, more traders and investors decided to transfer their funds to solutions such as the Ethereum staking contract . The solution allows users to earn passive Ether income in exchange for their funds.
The total ETH deposited to the contract currently remains at 1.9 million, with 30,600 unique depositors tracked by Nansen. As for the large transaction made today, according to Alex Svanevik, the wallet is owned by Gnosis decentralized infrastructure that holds more than $30 million worth of GNO.
The second-largest position in the staking contract is held by Three Arrows Capital, whose CEO has previously described how Bitcoin investor behavior has changed in the market compared to the 2018 cycle. The analyst believes that the industry crypto has become a long-term investment industry and one that more investors would rather hold than speculate with assets.
At press time, Ethereum is trading at $2,750, with a 4% price increase in the last 24 hours. Previously, the second-largest cryptocurrency on the market lost 19% of its value due to the global risk-off on financial markets.
