Ethereum Whale Deposits 13,356 ETH to Kraken as Long-Term Holders Convert stETH to ETH

COINOTAG News, December 2, citing on-chain analyst Ai Yi (@ai_9684xtpa), notes that two wallets have deposited 13,356 ETH into Kraken over the last seven hours, valuing the move at roughly $36.69 million. The accounts reportedly swapped stETH for ETH and have held these positions for more than five years, with a cost basis estimated as low as $1,000 per wallet.

It remains uncertain whether the two addresses belong to the same whale or separate entities, with attribution not confirmed. Market observers will monitor for further transactions to gauge potential implications for ETH liquidity and price action, given the long-held exposure described in the report.