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Early Ethereum Whale Deposits 6,369 Ether Worth $15.95 Million to Kraken

An early Ethereum investor has deposited 6,369 ETH worth approximately $15.95 million to the Kraken exchange after nine years of inactivity. The wallet originally purchased the tokens at an average cost of roughly $14 per coin, securing a 17,786% return and a net profit of around $15.86 million. The dormant whale transaction from address 0x8AC...aA93 was completed ahead of 09:56 UTC on October 14. The substantial exchange inflow arrived as Ethereum faced downside pressure, sliding below the $2,500 price level amid broader digital asset volatility.

Category

Ethereum

Sentiment

Bearish

Event

Analyst flows

Reading time

1 min