Whale Sells 15,000 ETH, Realizes $104 Million Profit from Transfers to Kraken

According to COINOTAG news, as monitored by EmberCN, a significant transaction took place involving a notable whale wallet. Approximately eight hours ago, this whale, who had previously withdrawn 96,638.9 ETH from Coinbase at $1,567 per ETH in September 2022, executed another major sale. This time, 15,000 ETH, valued at around $38.37 million, was sold. Since the initial withdrawal, the whale began transferring ETH to Kraken starting in March of this year. Over a span of six and a half months, a cumulative total of 70,000 ETH (equivalent to $214 million) has been moved to Kraken, achieving an average selling price of $3,062. This strategic move has resulted in a profit of $104 million. As of the latest update, the whale address retains a balance of 26,638 ETH, approximately valued at $69.61 million.