Whale Reemerges After 3 Years, Deposits 624.4 ETH Worth $1.14 Million into Kraken

COINOTAG News reports that on April 3rd, a significant transaction was observed as a dormant whale re-entered the market after a three-year hiatus. The entity deposited a substantial 624.4 ETH, valued at approximately $1.14 million, into cryptocurrency exchange Kraken. This strategic move is particularly noteworthy as it follows an eight-year investment period during which the whale acquired 3,271 ETH for just $25,000 from Kraken and The DAO. The calculated profit from this earlier acquisition has reached an impressive $4.24 million, illustrating the potential for long-term holding strategies within the cryptocurrency domain. Such actions by major players continue to draw attention to the volatility and opportunity present in the market, highlighting the ever-evolving landscape of digital assets.