Crypto Whale Invests $17M in Ethereum, Stakes with Lido Finance

2026-05-10 09:06

A cryptocurrency whale identified by the address "0x674" has made a significant investment by purchasing 7,284 ETH for $17 million USDC at a price of $2,334 per ETH. Following the acquisition, the whale staked the Ethereum with Lido Finance, a popular staking platform. The whale's address still holds $10.15 million in USDC, indicating potential for further Ethereum purchases. This move highlights ongoing interest in Ethereum staking as a strategy for large investors seeking to earn rewards on their holdings.

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