According to Crypto On-Chain Analytics platform LookonChain, it is one of the largest crypto whales on the platform, with a wallet address of 0x411…F11, and is transferring 1271 MKR tokens worth around $2.45 million to centralized exchange Kraken.
Whale 0x4111 deposited $1,271 MKR ($2.45 million) with #Kraken 15 minutes ago.
He bought $MKR for $895 at an average price between February 11, 2022 and March 8, 2023, and held it for over three years.
If sold, he was aware of a profit of ~132m (+116%). https://t.co/4saptdkzbw pic.twitter.com/03dwdnapj5
– lookonchain (@lookonchain) June 18, 2025
I bought it for $895, but it’s now worth it at $1,927 and 116% ROI
Whales collect MKR tokens from February 11, 2022 to March 8, 2023, with an average token price of $895 per token.
Maker (MKR) is currently valued at just over $1,927, so the long-term investor is currently sitting on a potential profit of around $1.32 million, equivalent to an 116% increase in the initial fund. The statistics show well-planned sales tactics ready to bring years of tolerance.
Crypto Transfer Trail reveals steady accumulation from Kraken, Binance and WinterMute
Transaction history is available in Blockchain Explorer and you can see that there is a stable accumulation pattern. Over the past 1,200 days, Transfers has entered Origins 0x4111 addresses, including Kraken 27, WinterMute, and Binance 16.
Transfers vary widely between a small amount of 0.0948 MKR and a large amount of 201 MKR, with both test and bulk characteristics accumulated. The last biggest piece, 1,270.54 MKR, was transferred directly to Kraken using a whale wallet in one transaction.
Strategic timing and market signals?
Announcement of such a huge deposit in a central exchange can often be a sign that you want to sell something.
Given the disciplined entrance and timely exit planning of whales, such movements could affect the retail and institutional mood of defi spaces.
It is also possible to track wallets that run on Etherscan, which allow real-time tracking of all transactions. Therefore, this large cryptographic event is known to be completely transparent.
