A significant movement detected! An address suspected to be an ETH reserve institution accumulated 15,846 ETH just 7 hours ago, valued at approximately 55.34 million dollars at the current price, and all of it was deposited into PoS staking through Figment.

This institution has been active since August 1, specifically buying up ETH through institutional trading platforms, and has accumulated a total of 41,452 ETH so far, with a total value of about 148 million dollars, averaging an acquisition price of approximately 3,575 dollars.

Interestingly, the ETH it has acquired is not sitting idle; it has all been staked, which suggests a positive outlook on ETH staking returns.

What do you think this continued accumulation and staking will have on the ETH market? #加密市场反弹 $ETH