Ethereum News Today: Ethereum Whale Unstakes 10,564 ETH Realizes $20.68 Million Profit

A major Ethereum whale recently completed a significant on-chain activity by unstaking 10,564 ETH after a 1.5-year staking period through the Mantle liquid staking protocol. The whale then transferred approximately 10,819 ETH to Kraken, including the original staked amount and the 564 ETH in staking rewards. The move generated a realized profit of over $20.68 million, based on the price increase from around $2,586 to $4,655 per ETH [1].

The transaction highlights the whale’s strategic approach to long-term staking and profit-taking. Initially, the whale had deposited over 10,000 ETH for staking, which temporarily removed that amount from circulating supply. After securing staking rewards and capital gains, the whale chose to unstake and transfer the full balance, signaling a shift in its investment stance. The transfer also added a substantial volume of ETH to Kraken, potentially increasing the available supply on the exchange and influencing short-term liquidity dynamics [1].

On-chain analysts noted that the withdrawal could affect Ethereum’s price stability, particularly in the short term. While the whale’s actions did not immediately trigger a sharp price drop, they raised concerns about potential sell pressure from increased exchange-held ETH. This is especially relevant given the whale’s scale, as movements of this magnitude often draw attention from traders and analysts monitoring key price levels. The current ETH price remains under observation around the $2,500–$3,000 range, with a breakout above $3,200 seen as a potential bullish signal [1].

The whale’s activity also reflects broader market behavior among large Ethereum holders. While some continue to lock up ETH for staking and yield generation, others are choosing to realize gains or rebalance portfolios. This whale’s decision to withdraw after a long staking period demonstrates a balance between capital preservation and profit realization. Analysts suggest that the move may be part of a larger strategy to adjust exposure in response to evolving market conditions [1].

For the Ethereum market, the whale’s actions underscore the importance of tracking on-chain activity to gauge market sentiment. Large movements can influence trading behavior, particularly when they indicate shifts in institutional or high-net-worth investor strategy. Despite the liquidity injection, the market appeared to absorb the move without significant panic, indicating a level of confidence in Ethereum’s long-term value proposition. Continued monitoring of staking inflows, exchange withdrawals, and whale behavior will be essential for understanding future price trends [1].

Source: [1] https://www.ainvest.com/news/eth-whale-transfers-10-819-eth-kraken-staking-realizing-20-68-million-profit-2508/