According to Lookonchain, two wallets 0xD908 and 0x0BB9 swapped 13,365 stETH for 13,356 ETH valued at about 36.7 million dollars roughly 8 hours before the post and deposited the ETH to Kraken, signaling a sizable exchange inflow (source: Lookonchain on X, Dec 2, 2025). Lookonchain added that the two addresses are likely controlled by the same whale, with both address pages visible on Arkham Intelligence as shared in the post (source: Lookonchain on X; Arkham Intelligence explorer for 0x0BB9 and 0xD908). Based on the Lookonchain-reported amounts, the executed swap rate equates to approximately 0.9993 ETH per stETH, reflecting about a 0.07 percent discount at execution (source: Lookonchain on X).