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A Whale/Institution Deposits 20,000 ETH to CEX, Total Position Profit Exceeds $85 Million

2025-01-16 15:31

BlockBeats News, January 16, according to EmberCN monitoring, a whale/institutional address sent 20,000 ETH ($67.59M) to Kraken 30 minutes ago.

· This whale/institution previously withdrew 120,874 ETH ($199.1M) from Kraken in September 2022 when the ETH price was $1,647.
· Over the past 8 months, they have sent a total of 50,000 ETH ($167.4M) to Kraken at an average price of $3,348, realizing a profit of $85.05M.
· They currently still hold 70,874 ETH ($239.79M).

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