A giant whale transferred a CRV worth $2.35 million to Kraken 7 hours ago

According to on chain analyst Yu Jin's monitoring, an address transferred 4.29 million CRVs ($2.35 million) into Kraken 7 hours ago, and CRVs subsequently fell by 5%. And this address also incurred a loss of $747000 on CRVs: he had requested these 4.29 million CRVs from Kraken for $0.72 in April May and sold them today for $0.54.