A crypto whale known for successful investments has acquired 4,192 ETH worth $10.43 million and staked these tokens on the Lido and RocketPool platforms.
Investment in Ethereum
According to data from Arkham Intelligence, the whale purchased 4,192 ETH at an average price of $2,490 per token within the past seven hours. The tokens were staked on Lido and RocketPool, major players in the decentralized finance (DeFi) sector.
Past Market Successes
This crypto investor previously earned $5.16 million from shorting Bitcoin during the LUNA/UST crash, showing his ability to accurately predict market movements. Between February 18 and March 7, he also made $2.25 million by frequently trading WBTC.
Future Speculations
This recent investment in Ethereum underscores the whale's confidence in the future of this cryptocurrency and its potential for staking earnings. The decision to stake ETH on Lido and RocketPool also indicates a strategic approach to long-term investments in the DeFi sector.
The whale's recent market actions lead to speculation about his next move and potential opportunities in the cryptocurrency sector.
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