Diamond Hand Whale Moves 15,000 ETH Tokens Spot On Chain, a blockchain analytics platform, revealed on September 22 in an X (formerly Twitter) post that an anonymous Diamond hand whale had transferred 15,000 ETH valued at $38.4 million from their wallet address "0x682” to Kraken, one of the world’s biggest crypto exchanges. Related Reading: Fed Rate Cuts Spurs $1.6 Billion Bitcoin Buying Spree Among Whales, Can BTC Reach $70,000?
A Diamond hand whale is a term essentially used to describe traders or investors who HODL their coins, stocks, bonds, silver or bonds for an extensive period without plans to sell, no matter how much the value of the token changes or the market fluctuates. Data from Spot On Chain has revealed that this anonymous Diamond whale had initially conducted two ETH deposits into Kraken, both exceeding $30 million.
Moreover, the whale’s actions could offer valuable insights, potentially signaling an impending decline in the price of Ethereum. Currently, the diamond hand whale holds 26,639 ETH tokens, worth approximately $69.7 million, with an estimated total profit of $132 million.
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