PANews reported on January 16 that according to Ember's monitoring, a whale or institutional account transferred 20,000 ETH to Kraken 30 minutes ago, worth about $67.59 million. The account previously withdrew 120,874 ETH from Kraken in September 2022, when the price of ETH was $1,647. In the past 8 months, the account has transferred 50,000 ETH back to Kraken at an average price of $3,348, with a total cash out of $167.4 million and a profit of about $85.05 million. Currently, the account still holds 70,874 ETH, worth about $239.8 million.