TechFlow news, according to Spot On Chain monitoring, over the past month, a whale transferred 25,000 ETH (US$73.9 million) to Kraken in two separate transactions, both occurring just before significant price drops:
- 11 hours ago: deposited 15,000 ETH (US$39.7 million) at an average price of US$2,645, followed by a 2.5% drop in ETH price;
- July 25: deposited 10,000 ETH (US$34.2 million) at an average price of US$3,420, followed by a 7.6% drop in ETH price.
The whale still holds 41,639 ETH (US$107 million) and has realized profits totaling US$131 million (+85.9%).
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