According to on-chain analyst Ember Monitor, a giant whale address transferred nearly 12,000 ETH (worth about $40.17 million) to the Kraken exchange 30 minutes ago. These ETH were withdrawn from Kraken on June 4 at $3,759 each. Although ETH has rebounded 17% from its lowest point in the latest week, if sold now, the address would still generate a loss of $4.95 million, or about 11%.