On-chain data monitoring shows that two significant ETH movements worth noting have occurred within the past 5 hours. A newly created wallet address withdrew 2,400 ETH from a major exchange, equivalent to approximately $7.52 million. Meanwhile, a long-standing whale address was also active, transferring 2,500 ETH (about $7.84 million) into a staking pool for staking. What's more interesting is that this batch of ETH has a notable background — the whale received these assets from exchanges like Bithumb, Korbit, and Upbit as early as 6 to 9 years ago and has remained dormant until now. The large withdrawal by the new wallet and the staking activity by the old whale reflect the diversified strategies of different market participants.
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On-chain data monitoring shows that two significant ETH movements worth noting have occurred within the past 5 hours. A newly created wallet address withdrew 2,400 ETH from a major exchange, equivalent to approximately $7.52 million. Meanwhile, a long-standing whale address was also active, transferring 2,500 ETH (about $7.84 million) into a staking pool for staking. What's more interesting is that this batch of ETH has a notable background — the whale received these assets from exchanges like Bithumb, Korbit, and Upbit as early as 6 to 9 years ago and has remained dormant until now. The large withdrawal by the new wallet and the staking activity by the old whale reflect the diversified strategies of different market participants.