After three years of silence, a whale transferred 3,000 ETH from the ICO period to Kraken

According to on-chain data from Arkham on May 2, a whale address 0xaDd transferred 3,000 ETH to the Kraken exchange an hour ago, worth approximately 5.53 million dollars. Notably, this ETH comes from Ethereum's original ICO and has been stagnant for the past three years.

This transfer has sparked speculation in the market about profit-taking, especially against the backdrop of increased market volatility. The address still retains another 2,000 ETH, worth approximately 3.69 million dollars.

The movements of wallets from early ICO investors are often closely watched, as a large-scale token sell-off could significantly impact market prices.