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Crypto

Whale Stakes Record-Breaking $208M ETH Amid Gemini Withdrawal

Guavy AI Editorial Team
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ETH
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An anonymous Ethereum whale has continued to accumulate and stake ETH, withdrawing an additional 19,000 units worth approximately $35.44 million from the Gemini exchange.

The transaction brings the whale's total staked ETH from Gemini over the past three weeks to 112,000 ETH, valued at around $208 million.

This move is significant as it reduces the available supply on exchanges and signals a long-term holding strategy.

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