F2Pool Founder Stakes an Additional 3,200 ETH
CryptoNewsTerminal Staff06 Sep, 2024
F2Pool Founder Stakes an Additional 3,200 ETH
F2Pool is a prominent mining pool that has been operating since 2013. The founder of F2Pool, Discus Fish, is known for his large stakes in Ethereum. On-chain data analytics provider, EmberCN, tweeted that Discus Fish's purported address withdrew 5,087.8 ETH ($12.04 million) from Binance and then deposited 3,200 ETH ($7.59 million) to Stakefish. This brings Discus Fish's total staked ETH to 83,951 ETH ($198.02 million). This substantial stake in Ethereum shows F2Pool's continued commitment to the network. Staking Ethereum allows users to earn rewards for holding and validating transactions on the Ethereum blockchain. This process helps to secure the network and is an important part of the Ethereum ecosystem.
