ETH Whale Moves $30 Million to Kraken Exchange

IconCryptoNewsTerminal Staff08 Jul, 2024

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ETH Whale Moves $30 Million to Kraken Exchange

An anonymous whale has deposited 10,000 ETH (worth $30.43 million) to the Kraken exchange. According to on-chain analyst AmberCN, the transaction occurred 20 minutes ago. This same address previously withdrew 96,638 ETH (worth $151 million) from Coinbase in September 2022. The reason for this large transaction is unknown, but it could be a sign that the whale is preparing to sell their ETH or is simply moving their funds to a different exchange.