An Ethereum whale has withdrawn 4,037 ETH, valued at $12.66 million, from Kraken after a two-year staking period, securing a $5.08 million profit. The transaction, identified by Onchainlens, highlights the profitability of long-term staking strategies amid Ethereum's network upgrades and market volatility. The whale's decision to maintain the stake through various Ethereum upgrades and reward rate changes underscores the potential benefits of strategic staking in the cryptocurrency market.
Ethereum Whale Nets $5.08M Profit After Withdrawing $12.66M from Staking
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
