Institutional frenzy season has arrived!!! Arrington Capital locks up 3,884 large ETH for staking
About 2 hours ago, an address suspected to belong to Arrington Capital withdrew 3,884 ETH from Binance, valued at approximately $15.32 million. Notably, this ETH was not sold on the market but was directly transferred to the Etherfi platform for staking, in exchange for eETH. This operation once again highlights institutional interest and confidence in ETH staking, while also reflecting the market's optimism for the future of the ETH ecosystem.
As ETH 2.0 gradually progresses, staking has become an increasingly preferred method for many institutions to position themselves in ETH, and eETH, as a representative asset, is gradually becoming the ideal choice for ETH holders. Whether optimistic about the long-term appreciation of ETH or seeking stable returns, staking ETH and converting it to eETH is undoubtedly an attractive investment strategy.
In this broader context, keeping an eye on market dynamics and capital flows can provide investors with more basis for market judgment.
Behind Bitcoin and ETH, there are too many wealth codes hidden. Follow Mr. Qiu, and together let's stand firm in the cryptocurrency wave and welcome the next opportunity!
