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Lido Finance Attracts $7.68M ETH Staking from Dormant Whale Wallet

Guavy AI Editorial Team
Instruments
ETH USDC AAVE
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A large Ethereum whale has reactivated its wallet after three months of inactivity and staked $7.68 million worth of ETH with Lido Finance, minting 4,000 stETH.

The whale also supplied 1.216 million USDC to Aave. This move is notable as it reflects a trend of large ETH whales shifting their funds towards liquid staking and lending protocols.

Liquid staking allows users to stake their assets without locking them up, providing liquidity while still earning interest.

The whale's reactivation of its wallet also highlights the ongoing impact of dormant Ethereum wallets on DeFi staking and lending flows.

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