Ethereum Whale Makes Massive $46 Million ETH Deposit on Kraken
CryptoNewsTerminal Staff20 May, 2024
Ethereum Whale Makes Massive $46 Million ETH Deposit on Kraken
An Ethereum whale with a balance of $300 million in ETH has deposited 15,000 ETH, worth approximately $46 million, to the Kraken exchange. The transaction was identified by Lookonchain, an on-chain data analytics platform. This particular whale address has a history of large ETH transactions with Kraken. Between August 31, 2022, and September 9, 2022, the address withdrew 120,874 ETH, valued at $190 million at the time. After the recent deposit, the whale's balance now stands at 105,874 ETH, with an estimated unrealized profit of $171 million. The motives behind the whale's recent deposit are not known. Some speculate that it could be related to market conditions or upcoming news. Regardless, the transaction highlights the continued activity of large investors in the Ethereum ecosystem.
