The wallet had earlier withdrawn 22,951 ETH from Kraken for $48.95 million and still holds 17,051 ETH worth $29.11 million, Odaily reported, citing Onchain Lens monitoring.
An Ethereum whale moved 5,900 ETH to Kraken, a transfer valued at $10.03 million that realized a $9.8 million loss, based on Onchain Lens monitoring cited by Odaily. The same wallet had previously withdrawn 22,951 ETH from Kraken worth $48.95 million and still retains 17,051 ETH valued at $29.11 million. Large deposits to exchanges are often watched by traders because they can signal an intent to sell, although the report only identifies the transfer, the realized loss and the wallet’s remaining holdings.