A wallet address believed to belong to an ETH reserve organization has continuously accumulated and staked a total of over 41,000 ETH, equivalent to about 148 million USD since early August 2024.
This organization primarily purchases ETH through a trading platform for institutional clients and sends all received ETH into staking under the Proof of Stake mechanism through @Figment_io, similar to how SharpLink Gaming operates.
MAIN CONTENT
The organization accumulated 41,452 ETH at an average price of 3,575 USD/ETH since August 2024.
All ETH is sent to stake through @Figment_io under the PoS mechanism.
The wallet address may belong to SharpLink Gaming, awaiting official verification.
Which organization has accumulated a large amount of ETH and what is its scale?
The wallet address is assumed to represent an organization that has accumulated a total of 41,452 ETH, equivalent to about 148 million USD, with an average price of 3,575 USD/ETH since August 1, 2024. This information is based on on-chain data analysis from Ember experts.
This accumulation indicates that the organization has significant financial capability, executing trades through a trading platform dedicated to institutional clients, reflecting strength and a long-term investment strategy in the cryptocurrency market.
How is ETH used after being held?
After purchase, the entire 41,452 ETH is sent into the staking mechanism via Proof of Stake through the service of @Figment_io. This allows the organization to maintain ownership while safely participating in staking rewards.
Using a third-party staking service with rich experience like @Figment_io offers reliability, transparency, and security for the stored ETH, while also contributing to the security of the Ethereum network.
Sending ETH to stake through @Figment_io represents the trend of integrating digital assets into the PoS mechanism, helping to increase capital efficiency while protecting long-term asset value.
Ember Analysis, August 2024
Which organization could this wallet address belong to?
According to the analysis, this address is very likely related to SharpLink Gaming, an organization that previously staked a large portion of ETH similarly through @Figment_io. However, precise verification awaits new announcements from SharpLink regarding ETH reserves.
This will help clarify the organization's investment strategy and capital usage while providing transparent information to the community monitoring staking and ETH reserves.
What are the mechanics and benefits of staking ETH through Figment?
@Figment_io is a reputable staking service provider, helping users feel secure about asset management and security within the Ethereum network according to PoS. Staking through this service helps optimize staking profits and ensure asset safety.
Staking ETH not only helps the Ethereum network maintain sustainable operation but also provides an opportunity to increase asset value for investors through periodic rewards, making it a trend chosen by many large organizations today.
Frequently Asked Questions
How much ETH has this wallet address purchased?
The wallet address has accumulated a total of 41,452 ETH equivalent to 148 million USD since early August 2024.
Where is ETH sent after purchase?
All ETH is sent to stake through the @Figment_io service under the Proof of Stake mechanism to receive staking rewards.
Is this wallet address owned by SharpLink Gaming?
The information is not yet officially confirmed and is awaiting SharpLink to announce the latest ETH reserve data.
What are the benefits of staking ETH through Figment?
@Figment_io provides high security, professional management, and helps optimize staking rewards for ETH assets.
What impact does holding ETH have on the market?
Large holdings indicate a long-term investment trend and can impact liquidity as well as the price of ETH in the market.
Source: https://tintucbitcoin.com/eth-reserve-gom-15-846-eth-va-ky-quy/
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