On May 29, COINOTAG reported significant movement in the crypto market as a major investor, referred to as a **whale**, made a substantial deposit of **1,693 ETH** valued at approximately **$4.47 million** into the Kraken exchange. This transaction comes after the whale completed a **four-year holding period**, during which they realized a profit of **$1.28 million**. Originally, the investor acquired **2,693 ETH** for about **$5.7 million**, indicating a calculated investment strategy that has reportedly paid off. Such activities among large holders underscore the **volatility** and potential profitability within the cryptocurrency space. As the market continues to evolve, monitoring these high-stakes decisions provides crucial insights into investor sentiment and broader trends influencing **digital currencies**.
Source: https://en.coinotag.com/breakingnews/whale-profits-1693-eth-deposit-into-kraken-highlights-1-28-million-gain-after-4-years/
