According to BlockBeats, on-chain tracking platform Onchain Lens has revealed a significant move from a long-inactive Ethereum whale. After remaining dormant for roughly three years, this whale has just staked 4,736 ETH — valued at $19.84 million — to Kiln, a staking infrastructure platform.
Historical data shows that the whale accumulated this ETH between four to five years ago, investing approximately $9.12 million at the time. With ETH’s current market price, this position now reflects a profit of around $10.7 million.
This move highlights two key points:
1. Strategic Long-Term Holding – The whale held through multiple market cycles, significantly increasing unrealized gains.
2. Shift to Yield Generation – By staking via Kiln, the whale is now aiming to earn passive rewards while maintaining long-term exposure to $ETH .#ETH4500Next?
