Two Crypto Wallets Stake More Than 23,000 ETH Worth $50.74 Million

Two Crypto Wallets Stake More Than 23,000 ETH Worth $50.74 Million

One wallet staked 18,000 ETH directly, while another withdrew 5,142 ETH from Gemini (cryptocurrency exchange) before sending the funds to staking (locking crypto to earn rewards).

ETH

Fact Check
The claim’s specific figures are consistently supported by both the Chinese and English PANews articles: more than 23,000 ETH total, with wallet 0xE3 staking 18,000 ETH and wallet 0xd18 withdrawing 5,142 ETH from Gemini before sending it to staking. Both PANews pages explicitly attribute the information to the Onchain Lens post at https://x.com/OnchainLens/status/2043483827469992006. The Odaily link was also traced to an upstream X post, which suggests independent crypto media were reporting the same underlying event. However, direct fetching of the cited X posts failed, and the BlockBeats page also failed to fetch, so the primary-source validation is incomplete. That prevents a high-confidence rating, but the available corroboration supports the statement more than it refutes it.
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Summary

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Terms & Concepts
  • Staking: Locking cryptocurrency in a blockchain network to help support operations and earn rewards.
  • Ethereum: A blockchain network that supports ETH and smart contracts (self-executing blockchain code).
  • Wallet: A blockchain address or software tool used to store, send, and receive digital assets.