A long-inactive Ethereum whale sent funds to Kraken, while separate provided data describes an early holder depositing 1,600 ETH and retaining 400 ETH, underscoring market focus on large exchange transfers.
A large Ethereum holder transferred funds to Kraken after a long period of inactivity, drawing attention because exchange deposits can increase readily tradable supply or signal portfolio repositioning. One source reports a dormant whale moved 3,466 ETH worth about $7 million to Kraken after two years of inactivity. Another source describes an early Ethereum holder depositing 1,600 ETH worth $3.18 million to Kraken, retaining 400 ETH worth $792,000, from an original 2,000 ETH reportedly acquired for $622 and showing a 6,373x return based on the provided figures. Because the reported amounts and wallet details differ, the discrepancy remains unresolved in the available information.