Early Ethereum (ETH) adapters recently deposited 4,500 ETH (approximately $20 million) with Kraken Exchange.
Over the past four months, Wallet has sent a total of $23.4 million to various exchanges.
A sudden rush of activity occurs after two years of inactivity amid recent market movements.
Following the recent transfer, the wallet continues to hold a total of $13.8 million. $4,610
Following the deposit, the wallet continues to hold ETH totalling $13.8 million worth.
Today, ETH prices have skyrocketed to an intraday high of $4,610, reaching their highest level in a few weeks.
Strong institutional demand
Meanwhile, the flagship altcoin continues to enjoy impressive institutional demand.
Over the past week, we have collected net flows worth a total of $1.29 billion.
Every week $ ETH ETF NET FLOWS = +$ 129B PIC.TWITTER.COM/3VD12D4LEL
– carpenoctom (@carpenoctom) October 4, 2025
