A whale transferred 1,536 ETH, worth roughly $3.07 million at the time, into Kraken after holding the tokens for 3-4 years. The move highlights the scale of large, patient holders re-entering active exchange flows and underscores the role of centralized platforms in capturing long-term investment activity. This transfer reflects the ongoing liquidity dynamics among major ETH holders on Kraken.
The transaction culminated in a reported profit of about $1.95 million, illustrating how multi-year exposure can translate into sizable gains when ETH prices move favorably. The size of the transfer also brings attention to liquidity and market sentiment surrounding ETH on major exchanges like Kraken.
While one data point, the event adds to the broader picture of whale activity and exchange-driven flows within the Ethereum ecosystem. Traders may monitor such large moves for signs of shifting risk appetite and potential implications for ETH liquidity and price action.
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