A shark bought $2.46 million of staked ether on Monad. DeepSea sees $116 of liquidity
The largest single shark buy of the last day came in three trades on ether's down day. The token's pools on Monad that DeepSea tracks hold only $116, so the buy did not run through them.
Key points
- One shark wallet bought $2.46 million of wstETH (wrapped staked ether) on Monad in three trades in the 24 hours to 12:34 a.m. ET on November 9, DeepSea's live feed shows.
- It was the biggest buy row in DeepSea's shark feed that day. On the same chain, one wallet sold $2.31 million of WETH (wrapped ether).
- DeepSea's wstETH page on Monad shows $116 of liquidity and $5 of 24-hour volume, so the buy did not go through the pools DeepSea tracks.
What DeepSea's data shows
DeepSea's live feed lists shark trades (big wallets it tracks) by token. Its top buy for the 24 hours to 12:34 a.m. ET on November 9 was wstETH on Monad: $2,456,570 bought, nothing sold, by one wallet in three trades. wstETH is Lido's staked ether in a wrapped form: staking rewards build up inside it, so one wstETH is worth more than one ether.
The feed's top sale on Monad was WETH: $2,307,709 sold, nothing bought, also by one wallet in three trades. The aggregate does not name the wallets, so we cannot say if it was the same one.
DeepSea's wstETH page for Monad shows a $45.47 million market cap and $116 of liquidity and $5 of 24-hour volume. Its WETH page shows a $17.25 million market cap, $71,400 of liquidity and $8,000 of volume. The $2.31 million WETH sale is about 13% of that market cap.
Data: DeepSea (desea.io), checked November 9, 2026, 12:34 to 12:50 a.m. ET.
How the coins could move
A trade that size could not clear pools holding $116. DeepSea's feed counts token movements into and out of a wallet as buys and sells, so a deposit, a withdrawal from a lending app or a swap through another route can appear as a trade. We do not know which it was here, and we do not know who owns the wallet.
For scale, DefiLlama counted $25.72 million of DEX (decentralized exchange) volume on all of Monad in 24 hours when we checked on November 9. Kuru led with $9.43 million and Uniswap had $5.32 million.
The two big Monad rows
Both moves are large next to the tokens' footprint on Monad.
Shark trades on Monad vs. DeepSea's tracked liquidity
US$ million
24 hours to 12:34 a.m. ET, November 9, 2026. Source: DeepSea live feed and DeepSea token pages.
Price context
CoinGecko showed wstETH at $2,657 and ether at $2,127 at 12:45 a.m. ET on November 9, both down 4.7% in 24 hours.
LC Insight analysis
This section is our reading of the facts above, not a statement of fact.
- We think the matching sizes are the interesting part: $2.46 million in and $2.31 million out on the same chain, the same day, three trades each. That fits a swap from ether into staked ether, but the data does not prove it.
- Moving into wstETH keeps ether exposure and adds staking yield, so it would not be a bet against ether.
- Pages with almost no liquidity are a reminder that a big buy number does not always mean a big market trade.
What's next
- Whether the wstETH position on Monad moves again
- Whether DeepSea's wstETH liquidity on Monad grows
- Monad DEX volume on DefiLlama
Disclaimer. This article is based on public information and the sources listed below as of the update time shown. It is for information only and is not investment, legal or tax advice. Figures may change as companies and authorities publish new data.
Sources
- DeepSea, live feed 24-hour aggregate (read November 9, 2026, 12:34 a.m. ET)
- DeepSea, wstETH token page on Monad (read November 9, 2026, 12:45 a.m. ET)
- DeepSea, WETH token page on Monad (read November 9, 2026, 12:50 a.m. ET)
- DefiLlama, Monad DEX volume (read November 9, 2026, 12:50 a.m. ET)
- CoinGecko, Wrapped stETH (wstETH) price (November 9, 2026, 12:45 a.m. ET)
