A cryptocurrency whale deposited 15,000 ETH into Kraken, which is worth about $46M

The whale account, which bought more than 100 thousand Ether in 2022 at a time when cryptocurrencies were experiencing declines, made a partial profit realization today. The whale’s total profit exceeded $170 million.

A cryptocurrency whale deposited 15,000 ETH into Kraken, which is worth about $46M

A whale with more than 120,000 units of Ether (120,874 units) sent 15,000 of these ETH to the Kraken exchange overnight. While the whale is certain to sell, the account has made or will make $46 million at the end of the sale.

It was bought on dips

The whale, which bought especially during the cryptocurrency declines in the second half of 2022, averaged $1600 between August 31 and September 9 (2022). The whale, which holds about $325 million worth of Ether at its current value, has a total realized and unrealized profit of $171 million.

Ether is on the rise

On the other hand, the price of Ether, which fell to $2900 last week, rose above $3100 again with the recovery in Bitcoin. Ether has actually not been able to keep up with the sharp rise in Bitcoin this year. While Bitcoin has risen nearly 150% in the last 1 year, this rate remained at 70% for Ether. Since the beginning of the year, Ether’s rise has been 36%.

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