What to know:
- So, an ether ICO whale decided to wake up from its five-month nap and transferred 7,000 ETH to Kraken. 💤
- This little transfer party happened just as ETH’s price decided to take a nosedive to its lowest since October 2023. 🎢
Picture this: an ether (ETH) whale, who’s been snoozing since the ICO, suddenly makes a splash on Monday by moving millions to crypto exchange Kraken. Thanks, blockchain detectives at Spot on Chain, for the gossip! 🕵️♀️
Our sleepy whale deposited 7,000 ETH, which is about $13.8 million (you know, pocket change) to Kraken while the token’s price was doing its best impression of a rollercoaster, plummeting due to U.S. recession fears. Ether hit a low of $1,760, the lowest since October 2023, before deciding to play nice again at $1,900. 🎢💔
Now, large inflows into exchanges usually mean investors are either liquidating their assets or using them as collateral for some risky business in derivatives trading. Because who doesn’t love a little price volatility? 🎉
And just when you thought the whale was done, it still holds a whopping 30,070 ETH worth over $50 million. Talk about a rich sleepwalker! 💰💤
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2025-03-11 08:46