Ethereum Whale Drop 1,400 ETH for Kraken, Make $102M
For August 24, on-chain data from Onchainlens show sey one Ethereum whale put 1,400 ETH (about $6.63M) for Kraken. Dis long-time holder first buy 24,959 ETH nine years ago with only $258K for Kraken and ShapeShift, make like $102M profit up till now. After dis transfer, di whale still get 13,477 ETH (about $64.5M), plus 877 ETH for another wallet and 140 ETH wey dem stake with Everstake. Even though dis Kraken deposit fit mean say them wan sell soon, the Ethereum whale wahala no clear. Traders suppose watch how Ethereum whales dey move, check Kraken order books and on-chain flows to sabi if more whale moves dey come and how e go fit affect market.
Neutral
Even though di transfer of 1,400 ETH go Kraken fit mean say dem wan sell soon, di big time whale still get strong amount of ETH plus e own way to take profit show say e no gree comot comot sharp sharp. Di move fit cause short-term wahala for market, but since no clear sign say dem wan sell and people still dey confident for ETH, e mean say market go balance. Traders dem suppose dey look how order book dey change, but price of Ethereum no too go shake well well.