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Ethereum

Ethereum OG Deposits $20.4 Million to Kraken

By admin
0 26

Ethereum OG Deposits $20.4 Million to Kraken

An early Ethereum (ETH) adopter recently deposited 4,500 ETH (roughly $20.4 million) into the Kraken exchange.

Over the past four months, the wallet has sent a total of $23.4 million to various exchanges.

The sudden rush in activity comes after two years of inactivity amid the recent market moves.

Following the recent transfers, the wallet continues to hold a total of $13.8 million.$4,610

Following the deposits, the wallet continues to hold a total of $13.8 million worth of ETH.

Earlier today, the price of ETH spiked to an intraday high of $4,610, reaching the highest level in weeks.

Strong institutional demand

Meanwhile, the flagship altcoin continues to enjoy impressive institutional demand.

Over the past week, it attracted a total of $1.29 billion worth of net flows.

Weekly $ETH ETF net flows = +$1.29B pic.twitter.com/3vD12D4LeL

— CarpeNoctom (@CarpeNoctom) October 4, 2025

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