Ethereum Whale After 3 Years of Dormancy Transfers $5.53M to Kraken
The sudden emergence of a long-dormant Ethereum whale address has resulted in the transfer of 3,000 ETH, or $5.53 million, to the Kraken market. Ethereum has been unaltered for almost three years since its inception at the initial coin offering (ICO) stageunchanged.
The Data Nerd, an on-chain expert, claims that the transfer was carried out on May 2, 2025, using the whale wallet that began with 0xaDd. In the same wallet, the whale still has 2,000 Ethereum, which is worth about $3.69 million. The residual balance raises the prospect of additional transactions, which might intensify selling pressure soon.
According to CoinGecko’s data, the transfer is consistent with Ethereum’s continuous consolidation of about $1,843.33. An impending sale may be indicated by the switch to a significant exchange like Kraken. Such massive whale transfers typically occur before price declines, thus traders closely monitor Kraken’s ETH inflows.
Whale Transfers 3,000 Ethereum, Signaling a Change in Strategy
The trustworthiness of current data was increased by Arkham Intelligence’s confirmation. Although there was no immediate spike in the price of ETH, traders are advised to keep an eye out for any possible domino consequences, according to CoinGecko’s price tracking. These kinds of on-chain movements frequently indicate price changes, especially when big exchanges like Kraken are involved.
The 3,000 ETH that were transferred had been staked for two years. The choice to unstake and move this ETH to Kraken indicates a change in approach and probably reflects short-term, pessimistic forecasts. According to reports, the whale took a $255,000 loss, presumably as a result of unstaking penalties and price fluctuations.
Although this loss implies that they are confident in their new strategy, it does not prove that they will be selling soon. Kraken’s sophisticated trading tools and substantial liquidity may be a component of a larger repositioning strategy. In any case, the action highlights how even long-term holders continue to active and responsive in the evolving crypto landscape.
Ethereum’s Price Movement Amid Fears of a Sell-Off
Ethereum showed a 2.20% daily price gain, reaching $1,848.71, despite the possibility of sell pressure. A rise in market capitalization to $223.2 billion indicated continued investor interest. This whale deposit has important trading ramifications and has to be addressed right now by institutional and ordinary investors.
According to CoinMarketCap data, as of May 2, 2025, Ethereum’s 24-hour trading volume increased by 3.97% to $15.54 billion across key exchanges like Binance, Kraken, and Coinbase. Increased market activity, perhaps brought on by the whale deposit, is indicated by the surge.
According to Lookonchain statistics, a comparable incident occurred on March 15, 2024, when 2,500 ETH were transferred to Binance, resulting in a 3.2% decrease in the price of ETH in just 48 hours. According to TradingView charts updated on May 2, 2025, traders interested in “ETH trading strategies 2025” or “whale impact on Ethereum price” could think about modifying stop-loss orders close to the $1,820 support level.
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