Another Ethereum whale has just woken up from slumber after a decade of silence – but instead of selling, the whale allocated its entire stash to staking.

According to blockchain data platform Lookonchain, the Ether wallet holds 40,000 tokens, for which its holder paid about $12,000 when Ethereum’s Genesis blockchain was launched in July 2015. It is currently worth $120 million.

However, instead of moving the funds to the cryptocurrency exchange’s deposit address, the ICO-era whale instead staked its entire ETH stake, suggesting that the whale is doubling down on its belief in Ethereum.

There has been significant talk of selling enormous cryptocurrency whales over the past month, with some analysts attributing their actions to recent cryptocurrency price fluctuations.

Two other Ether OG sold, one staked

Another OG wallet that collected 254,908 tokens during the Ether ICO, he started they sold their shares on November 26.

In its first sale, the whale sold 20,000 units of ether, and then gradually chipped away at it until it had just $9.3 million in ether left on Saturday.

At the same time another OG who did it collected 154,076 Ether, starting in 2017, sent 18,000 tokens to the online cryptocurrency exchange Bitstamp. Previously, the whale sold 87,824 ether at an average price of $1,694.

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The larger Ether ICO wallet also woke up after eight years in September he decided to bet some of your supplies. Whale acquired 1 million tokens during Ethereum’s inception and transferred 150,000 Ether to a modern wallet for staking.

The largest holders of Ether continue to accumulate

While some OG Ether whales may be selling, the most popular addresses are still piling up. Last Wednesday, the supply of Ether held by the top 1% of addresses increased to 97.6% compared to last year, when it was only 96.1%, According to to the Glassnode blockchain data platform.

The Eth2 Beacon depository contract holds the most Ether – 72.4 million, which is worth approximately $203 billion and represents approximately 60% of the total supply, According to to the Arkham blockchain intelligence platform.

Cryptocurrency exchange Binance has the second-largest amount, with 4 million, and the rest of the top three is made up of asset manager BlackRock, with 3.9 million Ether in its stash.

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