Whale awakens after 3 years of staking a large amount of ETH through fresh wallet.
13 hours ago, 4 fresh wallet addresses staked a total of 40,000 $ETH ($150M) into Lido
This is an action from a big guy who is dividing ETH into many wallets to avoid detection and limit risks because the actions of each wallet are quite similar:
1/ All are 4 fresh wallets.
2/ The volume of $ETH staked into LIDO in each wallet is quite similar in terms of $ETH volume and active time
3/4 of the above wallet addresses that received at least 10 ETH in the first transaction order all came from a wallet address that withdrew ETH from the HTX exchange, is it related to Justin Sun?
4/ There is a move to receive from wallets that have accumulated ETH 3 years ago through hidden wallets.
5/ After these fresh wallets receive $ETH, they are swapped to $stETH and then transferred to 4 other fresh wallets staked on Lido
The above 40,000 $ETH were all received from wallet addresses accumulated 3 years ago when $ETH was in the $300-$600 range before peaking in 2021 but until now there has been no move to sell.
At the present time, Whale continues to hold and take away stakes, it seems they expect long-term ETH to go further.
Money Flow
