Ethereum Whale Deposits 10,176 ETH into Kraken as 21,086 ETH Is Gradually Deposited Back into the Exchange Over 5 Years

According to COINOTAG News, citing Onchain Lens, a whale deposited 10,176 ETH (approximately $28.69 million) into Kraken about six hours ago. This fresh on-chain transfer marks a renewed influx to the exchange after a prior activity: the same address withdrew 21,086 ETH (around $7.35 million) from Kraken five years earlier and has been gradually redeploying those funds back onto the platform. The move underscores ongoing capitalization and exposure managed by a single large holder.

From an on-chain data perspective, the pattern highlights recurring liquidity shifts among large holders and into centralized venues. Traders should monitor order book depth and liquidity dynamics as similar transfers could recalibrate near-term pricing across crypto markets.