Smart Money Wallet Buys $12M in Ethereum from Kraken

A blockchain address with prior $14.26M WBTC gains withdrew 4,000 ETH worth nearly $12M from Kraken, now holding a $141,000 unrealized loss.

ETH

WBTC

43d ago

Summary

A smart money cryptocurrency wallet, previously known for $14.26 million in Wrapped Bitcoin profits, withdrew 4,000 ETH from Kraken in the past 24 hours at an average price of $2,994.26, totaling $11.977 million. The latest transfer occurred two hours ago. Despite its profitable history, the address currently shows an unrealized loss of $141,000 on its ETH position.

Terms & Concepts

Smart Money Address: A cryptocurrency wallet identified as frequently making profitable trades, often tracked for market insights.
Wrapped Bitcoin (WBTC): A tokenized version of Bitcoin that runs on the Ethereum blockchain, allowing BTC to be used in DeFi applications.
Kraken: A U.S.-based cryptocurrency exchange offering trading for multiple digital assets, including ETH and BTC.