Whale Deposits 1,400 ETH to Kraken After 9-Year Bet Turned $258K into $102M

COINOTAG, citing on-chain monitoring by Onchainlens on August 24, reports a large holder moved 1,400 ETH (about $6.63 million) into exchange Kraken. Historical chain records show the wallet acquired 24,959 ETH roughly nine years ago for a total outlay of $258,000 via Kraken and ShapeShift; the address currently retains 13,477 ETH, denominated at approximately $64.52 million. COINOTAG notes the investor’s activity corresponds to roughly $102 million in cumulative gains when measured against the on-chain cost basis and contemporaneous market prices. The account provides transaction-level detail without asserting motive or forecasting market direction.

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