According to @ai_9684xtpa, a suspected dormant BTC-era whale staked 269,485 ETH to the ETH2 Beacon Chain within the past hour, valued at $1.25 billion, per @ai_9684xtpa. The same source states the deposit size exceeds the Ethereum Foundation’s 231,000 ETH holdings, per @ai_9684xtpa. The source also reports the move narrowed the Ethereum PoS network’s exit-versus-entry validator queue gap to 26, per @ai_9684xtpa.

According to @rovercrc, the Ethereum (ETH) validator queue is cooling down, indicating a reduction in sell pressure. This development is considered bullish for ETH traders, as a lower queue often reflects less immediate intent to exit or liquidate staked positions. Reduced sell pressure can support price stability and potentially trigger upward momentum for ETH in the short term. Source: @rovercrc.