Whale Liquidates 8,450 ETH (~$38M) After 5-Year Accumulation, Deposits 1,000 ETH to Kraken — Address Now Holds 507 ETH

According to on-chain analyst Ai Yi (@ai_9684xtpa), an Ethereum whale that accumulated 9705.4 ETH over five years at an average cost of $3,648.70 is suspected of selling approximately 8450 ETH — roughly $37.98 million — across the past three weeks; if those disposals were executed at reported prices, the position would reflect a potential profit of $7.145 million.

Wallet activity shows that, roughly three hours ago, the same address transferred 1000 ETH to Kraken, leaving a reported balance of about 507 ETH. Such concentrated transfers can affect short‑term spot liquidity and orderflow, but on‑chain data alone does not confirm counterparty intent or final execution across OTC and exchange venues.