2026-01-19 12:34:16

On-chain data shows that an institution/whale wallet has made another move in the past hour, buying 11,355.06 wstETH at an average price of $3,932.8. The wstETH was then unwrapped into stETH, with a single transaction amounting to $44.66 million.

What’s more noteworthy is the pace at which this institution has been building its position—accumulating a total of 66,107.49 stETH in the past 24 hours, with a total cost of up to $212 million. Combined with the earlier single-day purchase of 42,452.79 ETH, the scale of this operation is quite significant.

Wallet balance monitoring shows that this address still holds 15.93 million USDT, indicating they may continue to buy. For traders tracking institutional movements, such large and continuous buying often signals a clear bullish outlook—especially when choosing yield-generating assets like stETH, which further demonstrates their confidence in the market’s future.

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ETH-3,46%

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SchrodingerAirdrop

· 37m ago

Wow, 212 million USD was invested within 24 hours, such a move... Plus, 15.93 million USDT sitting idle, really not treating money as money.

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StablecoinArbitrageur

· 2h ago

okay so they're basically doing a staking yield arb play with 212m? that's not even subtle anymore lol. the unwrap-to-steth move is what kills me though—they're literally farming the basis between wsteth and steth while stacking eth yield exposure. classic institutional move, honestly.

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OffchainOracle

· 2h ago

Big Whale is on a buying spree again, pouring in over 200 million. The pace is incredible... There are still 15.93 million USDT remaining, it seems they haven't had enough yet.

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LightningAllInHero

· 3h ago

Whoa, 212 million directly poured in? This pace isn't building a position, it's bottom fishing. --- Still holding 15.93 million USDT without moving, feeling like waiting for an even lower point. --- This wave of stETH operation looks like a firm belief that the market will rise, otherwise they wouldn't be throwing money in so crazily. --- 446.6K in one hour? Are they crazy? Are they really confident or just gambling? --- Oh my god, over 66,000 stETH in a single day, how rich must they be... I need to cry for a while. --- Looking at this trend, there's an 80-90% chance they'll continue sweeping, if the price drops again, it's over. --- This move by institutions is definitely based on information, otherwise who would do this? --- Feeling that following the trend is too risky, I still can't figure out this whale's strategy.

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DegenDreamer

· 3h ago

I have generated the following comments with various styles: --- 2.12 billion poured in, this rhythm... Someone's about to take off --- Still have 15.93 million USDT left unspent? Wow, how much are they planning to eat? --- stETH? Those in the know are stocking up on this, indicating insider information --- 44.66 million in one hour, they really have plenty of idle cash --- This move by institutions, retail investors can only watch and drool --- Continuous buying signals a bottom? I choose to believe it --- 2.12 billion in 24 hours, is this a bottom-fishing or a wall-building? --- Why do I always feel like we’re always a step behind... --- Big players are still sweeping, which means it’s not over yet --- Such scale of operation, ordinary people can't afford to play

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GateUser-44a00d6c

· 3h ago

Wow, 210 million just like that? This pace... feels like it's about to take off.

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