Ethereum

Maker

USDC

Coin

<ul class="news-points"> 
 <li><strong>Lookonchain tweeted today that a whale purchased $10 million worth of stETH over the past 24 hours.</strong></li> 
 <li><strong>This same whale had made two large stETH purchases on 24 July 2023.</strong></li> 
 <li><strong>At press time, ETH was trading slightly higher than stETH after both altcoins experienced 24-hour losses.</strong></li> 
</ul> 
<p>Lookonchain, the on-chain analytics firm, revealed in a tweet today that a whale address withdrew 10 million Dai (DAI) from Maker to purchase 5,403 Lido Staked Ethereum (stETH). According to the post, the whale had purchased the stETH at an average price of $1,851 in the past 24 hours.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">The smart whale withdrew 10M <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DAI</a> from <a href="https://twitter.com/MakerDAO?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@MakerDAO</a> and bought 5,403 <a href="https://twitter.com/search?q=%24stETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$stETH</a> again at an average price of $1,851 6 hrs ago.<a href="https://t.co/rIWyjsfRpf" target="_blank" rel="noopener noreferrer nofollow">https://t.co/rIWyjsfRpf</a> <a href="https://t.co/aGwmc46gmc" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/aGwmc46gmc</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1689452910785318913?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 10, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>This is not the first stETH purchase executed by this whale, according to Lookonchain. The same address made 2 substantial stETH purchases on 24 July 2023. In the first purchase, the whale spent 5.17 million USD Coin (USDC) to buy 2,802 stETH at $1,844. Thereafter, the whale exchanged 10 million USDC for 5,421 ETH and exchanged all of this ETH for stETH.</p> 
<p>In related news, the price of stETH s…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/steth-worth-10m-purchased-by-a-whale-over-the-past-24-hours/">stETH Worth $10M Purchased by a Whale Over the Past 24 Hours</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

stETH Worth $10M Purchased by a Whale Over the Past 24 Hours

Coin Edition

Other articles published on Aug 10, 2023

OKX to List Render ($RNDR)

Is Ripple’s XRP Preparing For A Heavy Selloff? Here’s What To Expect From XRP Price Next

Monero and OKB Sees A Dip As Holders Jump Towards The Highly Anticipated Pomerdoge Presale

XRP Listed by Gemini After Recent Ripple Victory in Court

GM Stock Price Detours From Uptrend; Fall Continues Since Earnings

Lucky Roo Casino

Join our free newsletter for daily crypto updates!