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).

According to @lookonchain, address 0xe9405Bd9845A488e4C5e5E6d972FeA932E2E4A3c, labeled by Arkham Intelligence as linked to Ethereum co-founder Taylor Gerring, staked 7,455 ETH valued at USD 25.35M on Nov 12, 2025, based on on-chain data and the Lookonchain X post; source: Lookonchain on X, Arkham Intelligence explorer. This amount is roughly equal to 233 validators at 32 ETH each, source: Ethereum.org Proof-of-Stake staking documentation.