A large Ethereum holder identified as 0x8447 bought another 5,000 ETH worth about $9.53 million roughly seven hours before Lookonchain's Aug. 17 report and staked the entire amount immediately after the purchase. The latest transaction brings the whale's total accumulation to 10,657 ETH worth about $20.07 million, according to the on-chain analytics firm. The combination of a large purchase and immediate staking is widely seen as a sign the investor is positioning for medium- to long-term exposure rather than a near-term sale, while also earning staking rewards on the Ethereum network.