Ethereum whale investor transfers 4.7 billion yen worth of ETH to exchange; could he be selling again?

A whale (large holder of the cryptocurrency Ethereum (ETH)) has once again deposited a large amount of ETH into the cryptocurrency exchange Kraken. On-chain analysis platform Spotonchain reported on the 14th.

This time, the whale deposited 20,000 ETH (equivalent to 4.7 billion yen at current price) into Kraken. He also still holds 30,874 ETH (equivalent to 7.2 billion yen at current price). His estimated profit from the sale so far is $104 million (approximately 14.9 billion yen).

This investor has sold large amounts of ETH every time the price has plummeted. According to Spotonchain, he...