Ethereum Whale Moves 6,000 ETH to Kraken, Nets $29 Million From Buy-the-Dip to Sell-the-Top Trades

COINOTAG News, October 29, citing LookIntoChain monitoring, reports that a prominent ETH whale known for a disciplined ‘buy the dip, sell the top’ approach moved 5,000 ETH to Kraken eight hours ago. Including a 1,000 ETH sale logged last month, the entity has shifted the entire 6,000 ETH acquired at April’s trough to the exchange. On-chain data show the most recent accumulation occurred during the late-2022 bull market cycle, with liquidations executed in batches from May through July 2024, suggesting a deliberate swing-trade pattern.

Across these two major transactions, the wallet reportedly earned about $29 million, roughly a +150% return on the April entry. The result underscores disciplined liquidity timing and the strategy of moving positions via centralized venues rather than making a directional bet on near-term ETH movements. Market participants should monitor on-chain signals and exchange flows to gauge potential liquidity shifts and risk in the Ethereum ecosystem.