Whale "Amber" Deposits 11.6 Million STRK Worth $2.44 Million in Recent Moves

On-chain data reveals that a wallet labeled “Amber” — widely believed to belong to the crypto trading firm Amber Group — has deposited a total of 11.6 million STRK tokens (approximately $2.44 million at current prices) to centralized platforms over the past three days.

Breakdown of the Transfers

• 2 hours ago: 5.3 million STRK (~$971,000)
• 3 days ago: 6.3 million STRK (~$1.47 million) — executed when STRK reached its highest price in the past eight months

Both transfers were sent from Amber-associated addresses to deposit addresses commonly used by major exchanges. The timing of the second, larger deposit coincided with STRK’s local peak, suggesting profit-taking or rebalancing activity.

Context and Market Impact

STRK, the native token of Ethereum Layer-2 scaling solution Starknet, has experienced significant volatility in recent weeks. The whale’s combined 11.6 million STRK represents roughly 0.12% of the token’s circulating supply and approximately 0.06% of its total supply.

While the exact intent behind the deposits remains unclear — possibilities include OTC sales, hedging, or simply moving funds for liquidity management — large transfers from known institutional players often attract attention from the broader market.

At the time of writing, STRK is trading around $0.18, down from its recent eight-month high.

In summary, Amber Group-linked addresses have moved 11.6 million STRK (~$2.44 million) in two separate deposits over the past three days, with the larger transfer occurring near a local price top — a move consistent with institutional profit-taking or portfolio rebalancing.