Ethereum Whale Moves 5,000 ETH to Kraken After Buying the Dip Weeks Earlier

A whale identified as 0xc1b6 has transferred 5,000 ETH (about $9.8 million) to Kraken after Ethereum slipped to $1,960, a move that appears aimed at limiting downside risk.

The transfer comes only two months after the same wallet accumulated 5,003 ETH worth nearly $10 million at an average entry price of $1,999 during a market dip. If sold at current levels, the position would reflect an estimated loss of roughly $200,000.

Source: Lookonchain