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Interesting on-chain data surfaces. A wallet address associated with V God transferred 330 ETH to Paxos 11 hours ago, worth approximately $1.02 million at the time.
This address has quite a history—over two years ago, it received a transfer of 50.1 ETH from V God’s public address vitalik.eth. Since January of this year, this is the second time this address has topped up tokens to Paxos, the stablecoin issuer.
Large ETH deposits usually indicate that the holder may be preparing for subsequent actions, whether trading, staking, or other strategic adjustments. Such on-chain movements are always worth the attention of market participants.