Dormant whale awakens after 5 years; transfers $90M worth of Ether to Kraken

After five years, a dormant ether (ETH) wallet was activated, transferring approximately $90 million worth of ETH to the cryptocurrency exchange Kraken. This movement was detected early Tuesday by the on-chain analytics tool Lookonchain. The wallet, classified as a “whale” due to its large holdings, deposited 39,260 ether into Kraken. It is important to know…