_Wendy
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Bullish
$ETH A whale or institution has withdrawn 1,608 $ETH, valued at $6.79 million, from Kraken, adding to a three-week spree totaling 51,536 ETH worth $217.93 million
With $ETH trading around $4,229, the whale is sitting on a floating profit of $25.43 million, likely from buying at an average price of $3,735. This aggressive accumulation, possibly for staking or DeFi, aligns with Ethereum’s bullish momentum, driven by the upcoming Fusaka upgrade and rising institutional interest.
What’s your take—is this whale gearing up for a major $ETH rally, or simply securing assets off-exchange for long-term gains?
With $ETH trading around $4,229, the whale is sitting on a floating profit of $25.43 million, likely from buying at an average price of $3,735. This aggressive accumulation, possibly for staking or DeFi, aligns with Ethereum’s bullish momentum, driven by the upcoming Fusaka upgrade and rising institutional interest.
What’s your take—is this whale gearing up for a major $ETH rally, or simply securing assets off-exchange for long-term gains?
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