According to Onchain Lens, on February 15, a major ETH holder—often referred to as a whale—transferred 1536 ETH from a long-term wallet to the Kraken exchange.
The data revealed that these ETH had been dormant for nearly four years, sparking interest in the crypto community. If the whale decides to sell immediately, it could yield a profit of approximately $1.95 million based on current ETH prices.
This move might signal a shift in the whale’s outlook on Ethereum’s market direction, or it could simply be part of a broader portfolio adjustment. Either way, such a significant movement can influence market sentiment.