Data: A suspected ancient BTC whale, dormant for seven years and recently making a high-profile switch to ETH, stakes over 269,400 ETH

According to ChainCatcher, on-chain analyst @ai_9684xtpa has monitored that a suspected ancient BTC whale, who had been dormant for seven years and recently made a high-profile switch to ETH, staked 269,485 ETH (worth $1.25 billion) to the ETH2 Beacon Chain within the past hour.

This staking amount surpasses that of the Ethereum Foundation, which ranks fourth among ETH-holding entities (231,000 ETH). This move has directly narrowed the difference between the exit and entry queues of the Ethereum PoS network to 260,000 ETH, compared to 727,000 ETH yesterday, and accounts for 66.7% of today's net queue increase.