A cryptocurrency whale, identified by the address 0xc1b6, deposited 5,000 ETH, valued at approximately $9.8 million, into the Kraken exchange as Ethereum prices continued to decline. This move was made when ETH dropped to $1,960, according to Lookonchain monitoring. The whale had initially purchased 5,003 ETH for $10 million at a price of $1,999 each two months earlier. The sale at the current price would result in a $200,000 loss.