4 New ETH Addresses Deposit 6,972 ETH Worth $17.15M into Lido

Four new Ethereum (ETH) addresses acquired a total of 6,972 ETH valued at around $17.15 million (approximately 23.7 billion KRW), depositing the entire amount into Lido. On May 18 at 12 PM KST, on-chain analyst Ai 姨 reported that these addresses exchanged UBTC for USDC over the previous nine hours to fund their ETH purchases, with an average purchase price of $2,460.69 per ETH. The total value was approximately $17,155,931 based on current market rates. All purchased ETH has been moved to Lido, a liquidity staking protocol that accepts ETH deposits and issues stETH tokens representing staked assets. Unlike traditional Ethereum validators requiring 32 ETH deposits and operating validation nodes, liquidity staking pools aggregate multiple users' assets for staking without direct validator management. The transaction details confirm the creation of new addresses and their Lido deposits but do not reveal the actual owners or transaction context.