Early Ethereum Holder Sells 7,302 ETH for $15.14 Million After Staking Gains
According to Lookonchain (blockchain analytics platform), the wallet unstaked Ethereum from Lido (liquid staking protocol) after about four years and realized a reported $5.33 million profit.
ETH
Summary
No Summary provided as the original text is short
Terms & Concepts
Staking: Locking cryptocurrency to help secure a blockchain network and earn rewards in return.
Lido: A liquid staking protocol that lets users stake Ethereum while receiving a tokenized claim on the staked assets.
Unstaking: The process of withdrawing previously staked cryptocurrency so it can be transferred or sold.