Ethereum Whale Surfaces After 7 Years, Deposits 2,000 ETH Worth $3.11 Million into Kraken

According to a recent report from COINOTAG dated April 8th, a long-dormant Ethereum whale has resurfaced after seven years, making headlines in the crypto community. This individual, who had amassed a significant 10,001 ETH back in November 2017 at an acquisition price of $352 per ETH, recently deposited an impressive 2,000 ETH, valued at approximately $3.11 million, into the Kraken exchange. Remarkably, this whale refrained from selling any of their assets, even as Ethereum peaked at $4,878 during the previous bull run. While the present unrealized profit stands at $12.3 million, it’s essential to note that the potential gain at the market’s zenith could have reached an astounding $45 million. The actions of such whales often signal shifts in market sentiment, stirring interest among both retail and institutional investors.