An Ethereum whale has withdrawn and transferred stake money worth tens of millions of USD after holding assets on Mantle for more than a year and a half.
This user has staked 10,000 ETH for nearly 1.5 years, earning over 20 million USD from the increase in ETH price and staking interest, then transferring all assets to the Kraken exchange.
MAIN CONTENT
The Ethereum whale staked 10,000 ETH on Mantle in January 2024.
Asset value increased from 25.86 million USD to 46.55 million USD after 1.5 years.
The whale earned a total of 20.68 million USD, including 2.48 million USD in staking interest.
How much ETH has Ethereum whales staked and at what time?
This is an Ethereum whale that sent 10,000 ETH to the Mantle protocol for staking to create liquidity in January 2024.
The transfer of 10,000 ETH contributes to providing liquidity for the Mantle ecosystem, helping other users to trade more smoothly. This transaction reflects a long-term vision and confidence in the growth potential of the network over the next 1.5 years.
What is the added value and profit from this staking?
The initial stake, valued at approximately 25.86 million USD, has now increased to 46.55 million USD as the whale withdrew funds, equivalent to a profit of 20.68 million USD.
Of this amount, 18.2 million USD came from the increase in ETH price, while 2.48 million USD is staking interest received during the holding period. This is a typical example of the effectiveness of holding assets while generating passive income through staking.
How did Ethereum whales carry out the withdrawal and transfer of assets?
This whale has withdrawn 10,564 ETH, of which 564 ETH is staking interest, and then transferred a total of 10,819 ETH worth 47.79 million USD to a wallet on Kraken.
The act of transferring assets to an exchange often indicates that whales may be preparing for large buy and sell transactions or changing their investment strategy. The incident was reported on August 17 with precise updates from Ember's on-chain analysis.
“The withdrawal and transfer of such a large amount by Ethereum whales highlight the importance of staking in increasing asset value and creating sustainable passive income.”
Ember on-chain analyst, August 2024
Frequently Asked Questions
What benefits does ETH staking provide for large investors?
Staking helps investors both increase asset value due to rising ETH prices and receive safe and effective passive staking interest based on the network.
What does transferring ETH to an exchange mean?
Typically, transferring ETH back to the exchange is to prepare for large buy and sell transactions or to adjust the portfolio of whales.
How is the staking profit in this example calculated?
Staking interest is calculated based on the amount of ETH generated during the capital locking process on the Mantle protocol and is added to the total assets.
How does staking duration affect profitability?
The longer the staking duration, the more investors benefit from both asset price increases and accumulated staking interest.
Where is the information analyzed from to track whale actions?
Experts use on-chain data and tracking tools to analyze the activities of whale wallets in detail.
Source: https://tintucbitcoin.com/eth-whale-kiem-2068-trieu-usd-loi-nhuan/
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