CoinVoice recently learned that according to Ember’s monitoring, an Ethereum whale ended its 15-month re-staking mining and transferred 12,506 Ethereum (about 32.58 million US dollars) to Bybit. The whale earned up to 19.43 million US dollars through airdrops and Ethereum appreciation, with a return on investment of nearly 100%.

The whale withdrew 11,987 stETH (about $22.8 million) from Bybit at an average price of $1,902 between July and August 2023, and then deposited it into re-staking platforms such as EigenLayer, Puffer, and Zircuit to obtain airdrop opportunities. [Original link]