Unlinked Wallets Mirror GCR’s $640K Kraken Deposit, Hinting at Possible Connections

A recent crypto activity carried out by the mysterious crypto trader GCR has stirred the market. As per Arkham, GCR deposited $640,000 into an exclusive deposit address on Kraken last week, leading to deposits by a couple of unlinked wallets into the same deposit address. The crypto analysis platform took to social media to disclose this event in a series of posts.

Unrelated Wallet Addresses Deposit in Same Kraken Address, Denoting a Potential Link

Arkham revealed that GCR has deposited a great amount of $640K into an exclusive deposit address on Kraken. After this, 2 other unrelated wallet addresses also deposited into the respective address. This reportedly hints toward linked or coordinated transfers. In this respect, the 1^st wallet was active during the ‘on-chain summer’ of the year 2023. The wallet traded in diverse tokens, such as $RLB, $BTC, $HAMS, and $MOG.

Particularly, the address gained a +$750K in gains on $RLB. In addition to this, it received +$390K on $BTC while +$87K in profits on $HAMS. Additionally, it also recorded +$10K in profit on trading $MOG. Nonetheless, it lost up to 173.7 $ETH while trading Azukis. The other wallet address showed significant activity around October and November. It traded coins like LMEOW (the coin that gained inspiration from a GCR tweet during 2023). The wallet address obtained +$231K in gains on $SPX in October last year. Moreover, the other profits take into account, +$227K through $STFX, and +$53K via $TRUMP. Nevertheless, the losses include -$75K and -$360K in the case of $LMEOW and $SHRUB.

GCR Continues to Influence Crypto Market as Market Insights Suggest

According to Arkham, the respective insights suggest the continued impact of GCR in the crypto sector. While GCR maintains a crucial position among the top followed traders in the crypto sector, the unique wallet activities also deliver an overview of the outcomes and strategies of anonymous figures.