A cryptocurrency whale wallet has withdrawn over 6,300 Ethereum from the Kraken exchange after 4 years of inactivity.
The total withdrawal of about 28 million USD from Kraken has been recorded after a long period of inactivity for this address, according to data from the blockchain tracking platform Lookonchain.
MAIN CONTENT
Whale wallet 0x4097 is active again after 4 years.
Withdrawing 6,334 Ethereum worth approximately 28 million USD from Kraken.
Information tracked and published by the Lookonchain platform.
Which whale wallet has made a notable Ethereum withdrawal transaction?
The wallet address 0x4097, which had no activity for the past 4 years, suddenly withdrew 6,334 Ethereum from Kraken, equivalent to nearly 28 million USD at current rates. This information was reported by Lookonchain – a platform specializing in tracking blockchain transactions – on August 26.
The sudden transaction of a wallet with a large asset balance that has been inactive for a long time draws attention, indicating there may be significant financial or investment plans behind it.
What does this Ethereum withdrawal mean for the cryptocurrency market?
The large withdrawal of Ethereum from the Kraken exchange indicates a shift in asset management strategy, which could affect investor sentiment if it is recognized as a token distribution move or preparation for further trading activities.
Whale actions are often seen as significant signals by the market due to their impact on supply and price fluctuations of tokens. However, there are no direct signs related to strong price movements immediately following this transaction.
How does Lookonchain help increase transparency for whale transactions?
Lookonchain is a reputable platform specializing in collecting and analyzing transaction data on the blockchain, helping the public and investors gain a more intuitive view of the activities of whales and large addresses.
This platform provides insights into the quantity, timing, and transaction points, thereby supporting accurate and timely analysis of cash flow trends in the cryptocurrency market.
What signs should be noted when whales have breakthrough transactions?
When a whale address with a long history becomes active again, investors need to monitor changes in trading volume, asset destination, and market developments surrounding that transaction.
In-depth analysis of this move can warn or support investment decisions, thanks to its potential large market influence due to the volume of managed assets.
Frequently Asked Questions
How long has wallet address 0x4097 been inactive?
This address had not been active for 4 years before executing the withdrawal of 6,334 Ethereum.
What is the equivalent value of 6,334 Ethereum?
The updated total value of 6,334 Ethereum is approximately 28 million USD.
What is Lookonchain?
Lookonchain is a tool for tracking and analyzing blockchain transactions to provide transparent and detailed data.
Does the Ethereum withdrawal affect prices?
The specific impact depends on the overall trend and market reaction after this transaction.
Why are whale transactions important?
Large transactions can significantly affect supply and investor sentiment in the cryptocurrency market.
Source: https://tintucbitcoin.com/ca-voi-rut-6-334-eth-sau-4-nam/
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