Dormant Ethereum Whale Transfers 7,323 ETH to Kraken Amid Potential $6M Loss

A dormant Ethereum holder, known as a whale, has transferred 7,323 ETH to Kraken, valued at approximately $13.96 million.

The transfer occurred about 10 hours ago and was flagged by on-chain analytics account ai_9684xtpa on X (formerly Twitter).

The whale initially accumulated 23,834.17 ETH between February 15 and March 21, 2022, at an average price of $2,723.20 per ETH.

If the transferred ETH is sold at the current market price, the whale would incur a loss of approximately $5.977 million, representing a 30% decline from the original investment.