Whale Unstakes 10,564 ETH After 1.5 Years, Transfers $47.79 Million to Kraken Amid Rising Ethereum Value

COINOTAG reported on August 17th that a substantial crypto investor has committed a significant amount of capital to Ethereum. Specifically, this *whale* has been actively *staking 10,000 ETH* over the last 18 months. In a notable move, the investor recently unstaked a total of *10,564 ETH*, which includes approximately *564 ETH attributed to accrued interest*. Just two hours prior, this *whale* transferred *10,819 ETH*, equating to around *$47.79 million*, to the Kraken exchange. Throughout this staking period, the value of *ETH* has appreciated significantly, yielding an increase of *$18.2 million*, while the staking interest generated during this timeframe totaled *$2.48 million*. Such movements highlight the evolving dynamics within the crypto market and underscore the strategic maneuvers of institutional players in leveraging *Ethereum’s* staking rewards.

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