Whale withdraws 112,000 ETH from Gemini over three weeks for staking

iconKuCoinFlash
Share
This is the logo of the coin.
ETH
$1,886.530.51%
AI summary iconSummary
ETH news: A whale address (0x2e80) withdrew 19,000 ETH from Gemini, valued at approximately $35.44 million, and staked it. Over the past three weeks, this address has transferred a total of 112,000 ETH—worth roughly $208 million—all directed toward staking. ETH update: This activity underscores ongoing interest in staking rewards.

Odaily Planet Daily reports, according to Lookonchain monitoring, the whale address 0x2e80 recently withdrew another 19,000 ETH, valued at approximately $35.44 million, from Gemini and staked it.

Data shows that over the past three weeks, this address withdrew a total of 112,000 ETH from Gemini, valued at approximately $208 million, all of which was subsequently staked.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.