According to @lookonchain, 893,599 ETH (about $3.96B) is currently queued for unstaking, based on validatorqueue.com metrics, source: @lookonchain; validatorqueue.com. According to @lookonchain, wallet 0x2aC9 swapped 4,242.4 stETH for 4,231 ETH (~$18.74M), which implies a roughly 0.27% stETH-ETH discount and a realized loss of 11.4 ETH (~$50.5K) based on the reported figures, source: @lookonchain. According to @lookonchain, the 4,231 ETH was then deposited to a Kraken address for sale, with the destination labeled as Kraken on the Arkham Intelligence explorer linked in the post, source: @lookonchain; Arkham Intelligence.

According to @EmberCN, an early Ethereum ICO participant who acquired 50,000 ETH at $0.311 in 2015 has transferred their remaining 10,195 ETH (worth $25.6 million) to Kraken within the last hour. Over the past 8 years, this whale has moved their entire holding to Kraken at an average price of $1,555 per ETH, realizing a total value of $77.76 million from an initial investment of just $15,000 (source: @EmberCN on Twitter, May 25, 2025). The exit of such a significant long-term holder could increase selling pressure on ETH in the short term, potentially influencing market liquidity and short-term price volatility. Traders should monitor Kraken and other exchanges for large inflows, as these events often precede notable shifts in Ethereum price action.