【Blockchain Rhythm】In mid-December, the on-chain data monitoring platform captured an interesting whale operation. A large holder deposited 10,169 ETH into a major exchange in a single transaction, equivalent to approximately $29.77 million at the time, directly locking in a paper profit of $11.36 million.
The operational logic of this address is actually quite clear. It first withdrew 19,505.5 ETH (about $48.69 million) from the trading platform and then staked the ETH. Subsequently, this whale deposited another 20,269 ETH (about $60.05 million) into the exchange. Over the entire cycle, the staking generated an additional yield of 763.58 ETH.
From the data, this is not just an arbitrage operation but also demonstrates the whale's long-term view of ETH's value. Amid market fluctuations, it participates in staking to earn stable income while cashing out profits at the right time—this multi-dimensional capital management