11-3-2025- A longstanding Ether investor, who has maintained their position since the cryptocurrency’s initial offering, made significant movements on Monday by transferring ETH valued at millions to the Kraken exchange, blockchain monitoring service Spot on Chain reports.
This seasoned participant in the crypto space transferred 7,000 ETH to Kraken whilst the digital asset’s valuation suffered a considerable downturn alongside broader market declines triggered by recession concerns in the United States. The token plummeted to $1,760, marking its lowest point since October last year, before recovering slightly to trade at approximately $1,900.
Industry analysts note that substantial transfers to exchanges typically signal investors’ intentions to either sell holdings outright or utilise them as collateral for derivatives trading positions. Such movements frequently herald increased market volatility.
Despite this sizeable transfer, blockchain records indicate the investor still maintains a formidable portfolio of 30,070 ETH, valued at more than $50 million at current rates. The timing of this movement has drawn particular attention from market observers given the challenging economic backdrop and widespread cryptocurrency devaluation.
The transaction comes amidst growing uncertainty in financial markets, with digital assets particularly vulnerable to macroeconomic sentiment shifts and institutional positioning.
