Large ETH Staker Cashes Out, Earns Over 20 Million USD in a Year

Today, on-chain data revealed big news — a whale player executed a stunning ETH investment, netting over 20 million USD in just over a year, and the return rate is truly enviable!

Here's what happened: In January 2024, this mysterious big player staked a total of 10,000 ETH in Mantle, participating in liquid staking. At that time, the price of ETH was around 2,500 USD, making the principal approximately 25 million USD. After more than a year of staking, yesterday he redeemed 10,564 ETH, earning 564 ETH in interest alone, which is about 2.48 million USD at the current price.

But what's even more impressive is that ETH skyrocketed this year, soaring from the initial 2,500 USD to around 3,400 USD now. Today, this guy directly transferred 10,819 ETH to an exchange, and just from the increase in coin price, he made 18.2 million USD! Combined with staking interest, his total profit reached 20.68 million USD, with a return rate close to 83%!

This operation is truly textbook-level "passive income" — benefiting from staking rewards while catching the bull market's soaring coin prices. However, now that he's transferring ETH to the exchange, it may be a preparation to cash out. After all, having earned so much, it's reasonable to secure profits. It remains to be seen whether ETH will face pressure due to this large transfer. The market needs to keep a close eye on it.

That said, such a level of profit is something ordinary retail investors can only watch. But at least it shows that in a bull market, holding quality assets and reasonably utilizing DeFi tools can indeed yield excess returns. Of course, the prerequisite is — you have to hold on!