Whale Deposits 5,900 ETH Into Kraken With a Reported $9.8 Million Loss

Whale Deposits 5,900 ETH Into Kraken With a Reported $9.8 Million Loss

N
News Editor
2026-06-20 00:45:38
According to Onchain Lens monitoring cited by Odaily, a whale deposited 5,900 ETH worth about $10.03 million into Kraken, recording a $9.8 million loss. The address had previously withdrawn 22,951 ETH from Kraken and still holds 17,051 ETH.
WhaleETHKrakenOnchain LensOn-chain Monitoring

Odaily reported, citing Onchain Lens monitoring, that a whale address deposited 5,900 ETH into Kraken. The transferred ETH was valued at approximately $10.03 million, and the address recorded a loss of $9.8 million on the move. The report did not disclose the identity of the address holder, nor did it state whether any further transaction took place after the deposit.

The address previously withdrew 22,951 ETH from Kraken

Onchain Lens data also showed that the same whale had earlier withdrawn 22,951 ETH from Kraken, worth $48.95 million at the time. Compared with the latest deposit of 5,900 ETH, the on-chain record shows a sequence in which the address first withdrew a large amount of ETH from Kraken and later returned part of that holding to the platform.

At the time of the monitoring update, the whale still held 17,051 ETH, valued at about $29.11 million. Based strictly on the disclosed information, the confirmed details include the size of the latest deposit, the destination platform, the dollar value of the transfer, the reported loss, the earlier withdrawal amount, and the remaining ETH balance.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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