Ancient Ethereum Whale's 5,000 ETH Sell-off stirs market

According to on-chain analytics firm Lookonchain, an Ethereum whale who accumulated a substantial amount of ETH at the market bottom in September 2022 has made a notable deposit of 5,000 ETH to popular cryptocurrency exchange Kraken. Back in September 2022, when the Ethereum network transitioned to a proof-of-stake consensus, the whale took advantage of the opportunity to buy ETH at what was considered the market bottom. The timing seemed right as the price of Ethereum was nearly $1,567 per ETH, …