Ancient ETH Whale Activates After Shapella Integration, Here’s What He Has Done

Dormant $ETH whale awakens, moving massive amount of ethereum. whale_alert

Shapella included Shangai and Capella integrations. The first one allows stakers to finally remove their Ethereum from the Beacon Chain deposit contract. The second has helped the Ethereum chain to complete its transition to the Proof-of-Stake consensus protocol. The latter began with the activation of The Merge upgrade in mid-September last year.

As reported by U.Today earlier, according to the data shared by IntoTheBlock on-chain data company, the volume of large Ethereum transfers this week has surged from before Shapella until after it was rolled out. At the start of the week, the largest transfer carried 708,000 ETH. On Thursday, the largest amount of Ethereum moved by whales soared to 2.2 million coins.

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