Anonymous Whale Stakes $56.55 Million in AO Protocol, Accounting for 7.5% of Pool

IconCryptoNewsTerminal Staff16 Jul, 2024

cryptonews.jpg

Anonymous Whale Stakes $56.55 Million in AO Protocol, Accounting for 7.5% of Pool

On-chain analyst ai_9684xtpa discovered that an anonymous whale withdrew 10,284 ETH from Binance over the past three weeks and staked 16,571 ETH ($56.55 million) on the AO protocol. This is the largest staked amount in the protocol, accounting for 7.48% of the pool. The whale earns a monthly reward of 13,749.6 AO for staking.