TREE NEWS reports: A bitcoin whale deposited 1,651.82 BTC, worth about $126.69 million, into Kraken. The coins were withdrawn from Kraken in April, moved through two new wallets, and have now returned to the exchange. The wallets involved are now empty, and the whale booked a profit of roughly $15.21 million on the position.
Bitcoin Whale Moves 1,651.82 BTC to Kraken, Worth $126.69M
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AI take
This is a round trip, not a fresh allocation: coins pulled from Kraken in April and routed through two fresh wallets have come back to the same venue at a profit. The wallet-hopping pattern is the notable part, since it suggests deliberate obfuscation of the original withdrawal rather than a simple custody shuffle. Whether the deposit converts to sell pressure or is simply parked on the exchange is the open question, and the emptied wallets leave little on-chain trail to follow.
Generated by AI for reference only.
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