The SpotonChain Analytics account of the X social media network has discovered a huge amount of Ethereum deposited by the Mega Ethereum whales in a major US-based crypto exchange Kraken.
Overall, this whale is known to make large ETH sales whenever prices start to plummet. Data shared by SpotonChain shows that the owner also sold a large amount of ETH last year and in 2023.
Giant Whale drops 20,000 ETH as prices fall 12.58%
The aforementioned data source revealed that a huge Ethereum holder deposited a massive 20,000 ETH on Kraken. That amount of Ethereum was worth around $32.4 million at the time of its opening trade.
The whale still holds a valuation of 30,874 ETH, which is approximately $50.7 million. Currently he sits at an estimated gross profit of $104 million (an increase of 52.4%).
This giant whale has deposited another 20k$eth ($32.4m) at #Kraken!
The whale still has $30,874 ETH ($50.7 million) remaining, with an estimated gross profit of $104 million (+52.4%).
Follow @SpotonChain to track your next move https://t.co/h0ohl1vwou https://t.co/ksr5555o8 pic.twitter.com/tipvjizgb
– April 14, 2025, spots from the chain (@spotonchain)
According to the same source, earlier this year, in mid-January, the whales moved 20,000 ETH to Kraken, which was then valued at $67.5 million.
Between September 1-9, 2022, the investor accumulated 120,874 ETH, worth around $199 million at the time, and since then he has gradually dumped the ETH to about 20,000 ETH.
However, the whale clearly appears to be weaker to the long-term outlook, while other market players have accumulated ETH.
Mysterious Whale Grabs 15,953 ETH
Meanwhile, another source of chain data on the X platform @lookonchain reports that an unknown whale (which pointed out could be a financial institution) has accumulated an impressive 15,953 ETH of just over $26 million.
@lookonchain shared that this purchase was made using six wallets. This probably belongs to the same whale. Purchases were made through OKX Exchange. What happened next was that the whale moved this Ethereum to aave to borrow USD 15.4 million. The stubcoin was then deposited again with OKX.
Mystical Whale/Facilities have accumulated 15,953 $eth ($26.16M)!
Five hours ago, six wallets (which are likely to belong to the same whale) retracted $15,953 ($2616 million) from #OKX and left them in #aave.
They then borrowed 15.4m $USDT from #aave and deposited it in #OKX.
Address: …pic.twitter.com/ddaz4tjjki
– lookonchain (@lookonchain) April 14, 2025
In the past week, Ethereum, the second-largest cryptocurrency, lost 12.58%, falling from a local high of $1,811, landed at $1,883 on Sunday. At the time of writing, ETH has changed hands at $1,640 after showing a 3.5% increase in the last 24 hours. ETH has skyrocketed 6.16% since Saturday.
