TREE NEWS reports: An Ethereum OG deposited 3,000 ETH worth about $7.23 million to Kraken 10 hours ago, matching the wallet characteristics of a previously tracked address. If the identification is correct, the address has sold a cumulative 6,000 ETH since August 2025, with estimated total profit exceeding $15.74 million.
Ethereum OG Deposits 3,000 ETH to Kraken, Total Profit Seen Above $15.74M
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AI take
Large deposits to centralized exchanges by long-dormant wallets are a classic distribution signal, and the key caveat here is attribution: the identification rests on matching wallet characteristics rather than confirmed ownership, so the profit figure is an estimate, not a fact. What matters is the pattern — a cumulative 6,000 ETH sold since August 2025 — which points to steady realization by an early holder rather than a single exit. Whether this address keeps feeding ETH to Kraken, and whether other long-idle wallets follow, is the open question worth tracking.
Generated by AI for reference only.
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