An unidentified Ethereum (ETH) whale has just deposited 4,160 ETH (worth $14.5 million) to Kraken. This is a significant move, as the address has been staking 20,000 ETH (worth $6,200 at the time) since the ETH genesis block in July 2015. The address has a history of depositing funds to exchanges near short-term tops, leading some to believe that this could be a sign that the ETH market is nearing a peak. The whale's current balance is 7,043 ETH (worth $24.6 million). ETH is currently trading at $3,496.85, up 0.01%, according to CoinMarketCap. It is important to note that this is just one data point, and it is impossible to say for certain whether or not this is a sign of a market top. However, it is a development that is worth monitoring, as it could have implications for the ETH market in the short term.
Ethereum Whale Deposits $14.5M ETH to Kraken, Signaling a Potential Market Top
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