A suspected "BTC ancient whale who has been dormant for seven years and switched to ETH" pledged $1.25 billion worth of ETH to the ETH2 beacon chain

The suspected "ancient BTC whale who has been dormant for seven years and has been swapping ETH in a high-profile manner" has pledged 269,485 ETH worth US$1.25 billion to the ETH2 beacon chain in the past hour.