# Whale Deposits 20,000 Ether Worth $54.66 Million on Bitget

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/25322
Published: 2026-09-29T12:31:59.000Z
Updated: 2026-09-29T12:31:59.000Z
Section: Investing

> The wallet converted about 20,040 stETH into roughly 20,000 ETH through 1inch before sending the tokens to the exchange.

A whale deposited about 20,000 Ether (ETH) worth approximately $54.66 million on Bitget, creating a notable exchange inflow for traders tracking potential selling pressure.

The wallet first converted about 20,040 stETH into roughly 20,000 ETH through 1inch. The ETH was then transferred to Bitget within minutes, with the deposit valued at about $54.66 million.

The transaction occurred at about 8:10 a.m. ET (12:10 p.m. UTC) on Sept. 29. The initial stETH conversion was valued at approximately $54.69 million.

Deposits of large token holdings to exchanges are closely watched because exchange balances can be used for trading or sales, although the transfer alone does not establish the wallet’s next move.