A dormant ether whale moved 7,000 ETH worth approximately $13.8 million to the Kraken exchange amid fears of a U.S. recession that caused the token’s price to drop significantly. This deposit by the whale, who has held the ETH since its ICO, suggests a potential liquidity move or use in trading derivatives. Despite the recent activity, the whale still holds over 30,000 ETH valued at more than $50 million.
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