A dormant Bitcoin whale, inactive for seven years, has staked 269,485 ETH worth $12.5 billion to the ETH2 Beacon Chain within the past hour. This massive stake surpasses the Ethereum Foundation's holdings of 231,000 ETH, making it one of the largest single staking actions recorded.
The whale's move significantly reduced the difference between the Ethereum PoS network's exit and entry queue to 260,000 ETH, down from 727,000 ETH yesterday. This staking action accounts for 66.7% of today's entry queue increase, highlighting its substantial impact on the network's dynamics.
Dormant Whale Stakes $12.5 Billion in ETH to Beacon Chain
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