Ethereum Whale 0x81D Acquires 65,700 stETH With USDT Loan

On January 19, Ethereum whale 0x81D borrowed 155 million USDT and purchased 65,700 stETH, amassing 142,777 ETH worth $460.11 million through multi-wallet holdings.

This significant acquisition indicates potential bullish sentiment within the DeFi sector, affecting ETH and reducing spot selling pressures, as monitored by Onchain Lens via Arkham Intelligence.

Whale’s $155M Move Suggests ETH Supply Strategy

In a significant move, the Ethereum whale “0x81D” gained attention by borrowing $155 million USDT. The funds were utilized to acquire 65,700 stETH, increasing the whale’s total holdings to 142,777 ETH valued at $460.11 million. This event was first reported through Onchain Lens’ monitoring services, confirming the addresses involved.

This transaction has influenced the market, primarily affecting the ETH and stETH assets. By leveraging Aave V3 for such significant acquisitions, the whale’s activity potentially enhances the staking market, suggesting a strategy to reduce ETH supply pressure on exchanges.

Ethereum’s Market Status and Whale Implications

Did you know? Past significant ETH accumulations, like those by “0x81D”, can signal strategic market positions, historically leading to reduced selling pressure and bolstering ETH price stability, reflecting long-term bullish sentiment.

Ethereum’s price stands at $3,210.74 with a market cap of $387.52 billion. Trading volume has seen a 158.43% increase in the past 24 hours. Price movement shows a 4.45% decrease over the same timeframe, while the past 90 days reveal a 19.41% decline, per CoinMarketCap. ETH maintains a 12.33% market dominance, supporting its pivotal market status.

Insights from Coincu’s research team indicate that such whale actions could have further implications on Ethereum’s market structure. The liquidity adjustments, particularly in staking derivatives, may prompt regulatory consideration and influence DeFi protocols’ strategic alignments in fostering network stability.