
Recent on-chain activity shows a 2016 ETH whale deposited $41.93M to Coinbase, contrasting with a major stETH accumulator and highlighting divergent strategies among Ethereum holders.
The assessment is based on strong, direct evidence from highly authoritative and relevant sources. The primary source from Arkham Intelligence, a reputable blockchain analysis firm, is perfectly relevant as its summary explicitly mentions a report on the 'largest holder of Lido Staked ETH (stETH).' This directly supports the core of the claim. Further corroboration comes from Lookonchain, another respected on-chain analyst, which tracks large-scale stETH movements, confirming that activity of this magnitude is plausible and monitored. The Cryptorank article, while not matching the exact figures, documents a similar event of a single whale accumulating a massive ($100 million) amount of stETH, establishing a clear precedent for such holdings. There is no conflicting evidence among the provided sources; the majority of the sources are simply irrelevant to the specific claim about stETH holdings. The convergence of a direct, authoritative primary source with other highly relevant, corroborating evidence makes the statement highly likely to be true.
On Jan. 21, on-chain analyst @ai_9684xtpa reported that a 2016 ETH whale deposited 14,183 ETH worth $41.93 million to Coinbase, marking his first million-dollar deposit in three years. This address last accumulated ETH between February and November 2022 at an average price of $1,236.65. This development follows earlier reports of whale address 0x81D borrowing $155 million USDT to purchase 65,700 stETH, raising total holdings to 142,777 ETH worth about $460.11 million. In contrast, whale address 0x3c9E sold 1,000 ETH for $4.19 million, continuing a short-term trading pattern. These activities highlight differing strategies among prominent Ethereum whales.