After three years of silence, Ethereum whales have staked 4,736 ETH on the Kiln platform with a value of nearly 20 million USD.
This amount of ETH was accumulated 4-5 years ago with a value of around 9.12 million USD, reflecting a long-term investment strategy and the return of major investors in the cryptocurrency market.
MAIN CONTENT
ETH whales remained silent for three years before registering to stake a large amount of ETH.
The value of staked ETH is currently 19.84 million USD, double the initial holding value.
This amount of ETH was accumulated 4 to 5 years ago with 9.12 million USD.
Who are Ethereum whales and how does their staking action affect the market?
This is a prominent ETH whale that has not traded for a long time but just staked 4,736 ETH on Kiln, equivalent to 19.84 million USD.
This result shows the careful preparation and long-term strategic planning of the large investor. Staking ETH on the Kiln platform not only helps whales increase profits through staking rewards but also contributes to enhancing the stability of the Ethereum network under the PoS mechanism.
Why is the value of staked ETH double compared to when it was accumulated?
This amount of ETH was accumulated 4-5 years ago with a value of 9.12 million USD, much lower than the current value of 19.84 million USD.
This reflects the growth trend of the cryptocurrency market over the past few years. Holding assets long-term helps investors avoid short-term volatility and benefit from ETH price increases.
The long-term staking of ETH by whales helps strengthen the Ethereum network, marking a significant step in the development of the cryptocurrency ecosystem.
Blockchain expert Nguyen Van An, 2024
Explain the ETH staking mechanism on the Kiln platform.
The Kiln platform is one of the reputable ETH staking services, allowing users to lock ETH to receive rewards based on the Proof of Stake mechanism.
This platform helps users leverage returns from unused ETH while supporting security and operation for the Ethereum network. This action by whales not only optimizes profits but also contributes to ensuring the stability and safety of the Ethereum Blockchain.
What are the benefits of staking ETH for investors and the Ethereum network?
Staking ETH provides passive income for investors through staking rewards, while also enhancing security for the Ethereum network.
The participation of many whales in staking also helps reduce selling pressure in the market, supporting the maintenance of upward price trends and encouraging long-term asset holding.
Frequently Asked Questions
What is staking ETH and why should it be done?
Staking ETH means locking ETH to participate in the Proof of Stake consensus mechanism, receiving staking rewards, while also supporting the security of the Ethereum network.
How do ETH whales affect the cryptocurrency market?
ETH whales hold large amounts of ETH, and their actions can cause price volatility, but also help strengthen liquidity and stabilize the market.
How reputable is the Kiln platform in the ETH staking field?
Kiln is a reputable ETH staking platform, providing safe and transparent services, chosen by many large investors.
What impact does the rising value of ETH have on staking decisions?
The increase in ETH price when staked helps enhance the value of rewards, encouraging investors to hold and accumulate long-term.
What are the risks of long-term investing with ETH?
Risks include price volatility, changes in network mechanisms, and security threats, but the long-term advantage is the potential for high returns.
Source: https://tintucbitcoin.com/eth-whale-am-tham-stake-gan-20-trieu-usd/
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