Large Ethereum investors are increasing their ETH holdings as whale activity picks up, according to Lookonchain. A dormant wallet spent $20 million in USDC to buy 10,501 ETH after three months of inactivity, while two new wallets withdrew more than 86,000 ETH from Binance and Gemini before staking the full amount. An Ethereum ICO participant also moved 2,000 ETH after 11 years. Arthur Hayes added another 1,332.5 ETH worth about $2.53 million.
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