ChainCatcher reported, citing monitoring by Onchain Lens, that a whale address deposited 5,900 ETH into Kraken. Based on the monitored valuation, the transfer was worth approximately $10.03 million. The same report stated that the whale was facing a loss of $9.8 million in connection with the position. The movement was recorded as an on-chain flow into the crypto exchange Kraken, and the asset involved was Ethereum.
The address still holds 17,051 ETH
According to the historical data disclosed by Onchain Lens, the whale had previously withdrawn 22,951 ETH from Kraken, valued at $48.95 million at the time. After comparing that earlier withdrawal with the latest deposit of 5,900 ETH, the address still holds 17,051 ETH, valued at about $29.11 million under the monitoring data cited in the report.
The disclosed figures center on three key numbers: 5,900 ETH transferred into Kraken, a corresponding value of $10.03 million, and a reported loss of $9.8 million. Kraken is a crypto asset trading platform, while “whale” is commonly used to describe an on-chain address holding a large amount of crypto assets. The monitoring item did not disclose the identity behind the address.