According to BlockBeats, Onchain Lens has revealed that a whale wallet, dormant for 3 years, has just staked 4,736 $ETH ETH (≈ $19.84M) to Kiln.
📜 Backstory:
This whale accumulated the $ETH
4–5 years ago, investing around $9.12M at that time. At today’s price, that stash is worth $10.7M more — a massive unrealized profit.
💡 Why it’s important:
Staking Signals Confidence : Big players locking ETH often indicates strong long-term sentiment.
Impact on Liquidity : Staking removes coins from circulation, potentially tightening supply.
Market Insight : Whales usually move strategically, and such actions can precede bigger market trends.
🔍 Key takeaway: This could be a bullish signal for ETH $ETH , especially if other dormant whales follow suit.