According to @OnchainLens citing Nansen data, an Ethereum ICO participant has staked 150,000 ETH worth approximately $656 million to the ETH2 deposit contract after 8 years of inactivity (source: @OnchainLens, Nansen). According to @OnchainLens, the participant originally received 300,000 ETH for $93,300 during the ICO, implying an estimated cost basis of about $0.31 per ETH based on those figures (source: @OnchainLens). The staking address is 0x317BcFCC8d645e365A796eb505b57c060aC2132B and the ICO address is 0x7c532DB9E0c06C26fd40Acc56AC55C1eE92D3C3A, according to @OnchainLens with Nansen as the data source (source: @OnchainLens, Nansen). At 32 ETH per validator, the 150,000 ETH stake is equivalent to roughly 4,687 validator lots, per Ethereum Foundation specifications (source: Ethereum Foundation).

According to @ai_9684xtpa, a seven-year dormant BTC whale rotated into ETH, closed four ETH long positions about 13 hours earlier and realized a total profit of 49.455 million USD (source: @ai_9684xtpa). The source adds that of the whale’s five tracked positions, only address 0xcc0...Ee969 remains active with 4,700 ETH and an unrealized gain of 650,000 USD (source: @ai_9684xtpa). The same whale also staked 269,485 ETH to ETH2 around the same time last night, indicating on-chain validator activity rather than exchange balances (source: @ai_9684xtpa).