Whale Moves 1,757 ETH to Kraken After 4 Years
- Whale deposits 1,757 ETH to Kraken after inactivity.
- Profit realized at approximately $3.88 million.
- Potential implications for Ethereum market supply.
A previously inactive Ethereum whale deposited 1,757 ETH, valued at approximately $7.88 million, into Kraken on September 21, 2025, after four years, realizing a substantial profit.
The transaction highlights potential shifts in market sentiment and liquidity, although no immediate sell orders have been confirmed, stirring speculative discussions across various forums.
A long-dormant Ethereum whale wallet moved 1,757 ETH to the Kraken exchange. The transaction occurred after four years of inactivity. The whale realized an estimated profit of $3.88 million according to on-chain data analysis.
The wallet, labeled 0x7B4Cfd1B9560f43c03370C9Aa33621219093eDB5, remained inactive before this significant action. The deposit to Kraken was analyzed by blockchain analysts Lookonchain and Arkham Intelligence. The identity behind the wallet remains undisclosed.
Market reactions to the large Ethereum deposit included discussions about potential sell pressure. Despite this, the whale’s actions did not immediately impact Ethereum’s price. This deposit increased the available supply of ETH on the exchanging platform. “A whale deposited 1,757 ETH ($7.88M) to Kraken after 4 years of dormancy, profiting ~$3.88M”.
Ethereum’s market saw no immediate regulatory reactions or statements from major stakeholders such as Kraken or Ethereum’s core team. This instance reflects private capital movements rather than institutional investment strategies.
No on-chain evidence of subsequent Ethereum sales registered, leaving the market impact speculative. Historical trends suggest such events could affect short-term volatility. Monitoring further whale actions might provide more insights into market dynamics.
This whale event raises questions about whale behavior and its influence on market sentiment. Ethereum’s cost basis near $2,278 against its trading price highlighted the profitability of holding positions long-term during favorable market conditions.
