According to @ai_9684xtpa, two addresses deposited a combined 13,356 ETH into Kraken over the past 7 hours, valued at $36.69 million. source: @ai_9684xtpa on X, Arkham Intelligence Explorer Both wallets converted stETH to ETH before transferring to the exchange. source: @ai_9684xtpa on X, Arkham Intelligence Explorer The addresses are reported to have holding histories exceeding 5 years with an estimated entry cost near $1,000 per ETH. source: @ai_9684xtpa on X It is not confirmed whether the two addresses belong to the same whale or entity. source: @ai_9684xtpa on X Wallets: 0xD908995FD431EB0078Cd35E912fF14E45043818F and 0x0BB90552eC6c158cc99e11BB79bbA413c296F9BD. source: Arkham Intelligence Explorer

According to @lookonchain, 893,599 ETH (about $3.96B) is currently queued for unstaking, based on validatorqueue.com metrics, source: @lookonchain; validatorqueue.com. According to @lookonchain, wallet 0x2aC9 swapped 4,242.4 stETH for 4,231 ETH (~$18.74M), which implies a roughly 0.27% stETH-ETH discount and a realized loss of 11.4 ETH (~$50.5K) based on the reported figures, source: @lookonchain. According to @lookonchain, the 4,231 ETH was then deposited to a Kraken address for sale, with the destination labeled as Kraken on the Arkham Intelligence explorer linked in the post, source: @lookonchain; Arkham Intelligence.