A major Ethereum whale (0x4825) has staked 24,000 ETH (approximately $60.7 million) rather than selling, despite witnessing a significant drop in unrealized profits. The investor originally purchased the assets five months ago at an average price of $2,529.
Data from Lookonchain indicates the whale's unrealized profit fell from a peak of over $55 million to approximately $14.4 million. The decision to stake suggests a long-term holding strategy despite recent market volatility reducing paper gains.