According to Lookonchain, an Ethereum ICO wallet identified as 0x2dCA holding 40,000 ETH (about $120M) reactivated after more than a decade and staked the holdings rather than selling, with transactions referenced to Etherscan address 0x26021abdd34df672fed798cf5a2e98190d22aaa8 (source: Lookonchain on X; source: Etherscan). This activity indicates no immediate exchange-bound outflows from this wallet during the reactivation window, as funds were committed to staking instead of transfers to trading venues (source: Lookonchain on X; source: Etherscan). At 32 ETH required per validator, 40,000 ETH corresponds to roughly 1,250 validator deposits (source: Ethereum.org staking documentation).