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Two
(ETH) addresses, having held their coins for four years, deposited a combined 4,324 into Kraken in late 2025, generating a total profit of approximately $11.44 million. According to on-chain analytics from Onchain Lens and Ai Yi, one address deposited 2,250 ETH valued at $10.08 million, realizing a $10.28 million profit, while another deposited 2,074 ETH for a $6.07 million gain. These transactions highlight the growing trend of long-term HODLers cashing in gains during favorable market conditions[5][6]. The wallets, identified as 0xeA4707CB7B10E8c3a7d2ff1D7F8382B64ec592F1 and 0x92cbb22a9b9fc01da9914c9b39ed904dd61b859c, had accumulated their holdings between 2021 and 2024, with the latter address previously remaining dormant since 2021[5][7].The deposits occurred amid heightened Ethereum whale activity, with both addresses signaling potential market impacts. The first wallet, which had been inactive for four years, retained 2,281 ETH valued at $10.22 million post-deposit, suggesting a partial liquidation strategy[5]. Similarly, the second wallet's $6.07 million profit, derived from a $8.97 million deposit, indicates selective profit-taking rather than full position closure[6]. These actions align with broader patterns observed in late 2025, where dormant addresses resurface to capitalize on Ethereum's price recovery, driven by bullish sentiment and institutional adoption[5].
Kraken's role in facilitating these transactions underscores its position as a key exchange for large-scale trades. The platform's withdrawal and deposit policies, which include holding periods of 72 hours to 10 days depending on funding methods[1][3], did not hinder these deposits. However, the transactions highlight the exchange's capacity to handle high-value trades, particularly for verified accounts with elevated withdrawal limits (up to $10 million for Pro-level accounts)[4]. Analysts note that such whale movements often influence short-term volatility, as seen in the ETH/USDT pair's trading volumes spiking during these events[5].
Market participants are closely monitoring the implications of these deposits. Historical data suggests that large Ethereum inflows into exchanges can precede price corrections, particularly if perceived as bearish signals[5]. For instance, the $10.08 million deposit by the 0xeA4707CB7B10E8c3a7d2ff1D7F8382B64ec592F1 address coincided with Ethereum's price hovering around $4,480, a level analysts associate with key resistance zones[5]. Additionally, the remaining 2,281 ETH in this wallet could serve as a liquidity buffer, potentially stabilizing price action if further sales occur[5].
The broader Ethereum ecosystem has also seen increased activity from other dormant wallets. For example, a separate whale deposited 150,000 ETH into staking addresses in early 2025, while ICO-era wallets transferred $646 million in ETH, marking their first activity since 2022[6]. These movements, combined with Kraken's role in facilitating large trades, suggest a maturing market where institutional and retail investors increasingly leverage on-chain analytics to inform strategies[5]. As Ethereum's network upgrades and adoption trends continue to evolve, such whale activity is likely to remain a critical barometer for market sentiment.
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