PANews reported on July 25 that Spot On Chain monitoring showed that a large whale deposited 10,000 ETH (about $34.2 million) into Kraken 9 hours before the Ethereum price plummeted. The whale previously withdrew 96,639 ETH from Coinbase at a price of about $1,580 per ETH in August and September 2022, and deposited 40,000 ETH into Kraken at a price of about $3,422 per ETH since March this year. Currently, the whale still holds 56,639 ETH (about $188 million). The total profit is expected to be $173 million (+113%).
