Whale moves 3,000 ETH from ICO wallet to Kraken after 3 years of inactivity

According to on-chain data from Arkham on May 2, whale wallet 0xaDd deposited 3,000 ETH (worth approximately $5.53 million) into the Kraken exchange. Notably, these ETH were acquired during Ethereum’s ICO and had remained untouched for the past three years.

This move has sparked speculation about profit-taking, especially amid recent market volatility. The whale still holds another 2,000 ETH (worth around $3.69 million) in the same wallet.

Movements from early ICO investors often attract attention, as they typically hold large amounts and can significantly impact price action if sold.