A pair of “giant” whales are conducting big transactions on the Ethereum (ETH) network, on-chain data sleuths report.
According to blockchain tracking firm Lookonchain, two whales each staked 8 figures worth of ETH and Staked Ethereum (stETH) early on Monday.
Lookonchain says the two whales staked their coins through Agility, a liquid staking derivatives (LSDs) and trading platform.
“We noticed 2 giant whales staked 29,073 stETH ($60.7M) and 26,550 ETH ($55.4M) via
Agility LSD.”
Whale ‘0x3f34 staked 18,694 stETH($39M) and 11,550 ETH($24M).
CZSamSun staked 10,379 stETH($21.7M) and 15,000 ETH($31.4M).”
One of the wallets, labeled as CZSamsun, has over $193 million in assets, according to Web3 portfolio tracker Debank. The other wallet has $93 million, according to Debank.
Lookonchain also recently tracked down wallets sending money to crypto exchange Binance to scoop up Ethereum scaling solution Loopring (LRC) and Fantom (FTM), one of the ETH’s biggest rivals.
According to the firm, a whale sent Tether (USDT) to Binance and picked up nearly $1 million worth of FTM and over $3 million worth of LRC to add to its big stacks.
“A whale transferred USDT to Binance to buy FTM and LRC.
The whale received 7.56M LRC($3.1M) and 1.84M FTM($981K) ~1 hr ago.
Currently holding 9.75M $FTM ($5.2M) and 9.3M $LRC ($3.8M).
The buying cost of mFTM is ~$0.4040, and the buying cost of LRC is ~$0.4157.”
At time of writing, Ethereum is trading at $2,079, while FTM is trading for $0.523 and LRC is going for $0.40.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Vanessa SG/Natalia Siiatovskaia
Credit: Source link
