A suspected “BTC ancient whale who has been dormant for seven years and switched to ETH” pledged 1,250,000,000 USD worth of ETH to the Eth2 beacon chain

Recently, an ancient BTC whale pledged 269,485 ETH equivalent to 1,250,000,000 USD to the ETH2 beacon chain. This transaction notably surpasses the Ethereum Foundation’s total holdings of 231,000 ETH.

This major staking reduces the discrepancy in the Ethereum PoS entry and exit queues significantly, with the current difference now at 260,000 tokens, down from 727,000 yesterday, representing a 66.7% reduction.