Kraken in Focus: Ethereum Whale Activity and SUN Token Listing Spark Market Interest

Ethereum shows resilience with an 8% rebound as a dormant whale moves 2,000 ETH to Kraken after seven years. Meanwhile, Kraken’s listing of SUN token with an airdrop program adds to the exchange’s growing ecosystem.

Ethereum Rebounds, Dormant Whale Moves Millions Worth of ETH

Ethereum rebounded nearly 8% after dropping to a local low of $1,415 and is now trading around $1,584. A dormant whale moved 2,000 ETH to Kraken after 7 years, sparking speculation on market intentions. ETH bounced back from the $1,500 support zone, showing strong buyer interest at lower levels. Community sentiment is shifting bullish, with some targeting $6,000 if momentum continues.

SUN (SUN) Lists on Kraken with Reef Program Airdrop

Kraken, a leading cryptocurrency exchange, has listed SUN (SUN), a core governance token of SUN.io. SUN.io integrates functions like token swaps, liquidity mining, stablecoin swaps, and DAO on the TRON public chain, aiming to build TRON’s DeFi ecosystem. The listing introduces SUN/USD and SUN/EUR trading pairs, broadening SUN’s market access. Simultaneously, a Reef Program airdrop offering $90,000 worth of SUN tokens was launched. SUN.io, launched in 2020, has become a cornerstone of the TRON ecosystem.