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Ethereum Whale Awakens, Transfers $13.96M to Kraken Amid Price Volatility

Guavy AI Editorial Team
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ETH RPL
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A significant Ethereum whale has awoken after three years of inactivity, transferring 7323 ETH ($13.96 million) to Kraken exchange.

The dormant wallet, identified as 0x7C5aaA2a20b01df027aD032f7A768aC015E77b86, accumulated its original 23834.17 ETH in 2022 at an average price of $2723.2 via Rocket Pool staking.

This move locks in a substantial unrealized loss for the whale, with current prices sitting near $1913.55. The whale's accumulated assets now total over $45 million, but this recent transfer highlights ongoing activity among Ethereum dormant whales and their use of Rocket Pool staking.

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