The crypto verse has recently witnessed a massive splash as an unidentified entity dove deep into the Ethereum ecosystem. A recent report from Lookonchain reveals that in a span of 24 hours, the whale has purchased $10 million worth of Lido Staked Ethereum (stETH).

The Big Purchase And Past Activities

Lookonchain, an on-chain analytics firm, broke the news earlier today on their X (formerly known as Twitter) account revealing that a whale address was responsible for the withdrawal of 10 million Dai (DAI) from Maker.

The smart whale withdrew 10M $DAI from @MakerDAO and bought 5,403 $stETH again at an average price of $1,851 6 hrs ago.https://t.co/rIWyjsfRpf pic.twitter.com/aGwmc46gmc

— Lookonchain (@lookonchain) August 10, 2023

According to the firm, this withdrawal wasn’t …