AWAKENING OF THE GIANT! Whale from the ICO of #Ethereum transfers $5.1 million in #ETH to Kraken, increasing weekly deposits to $24.1 million
Are More Sales and Volatility Approaching?
One of the oldest whales in Ethereum is making waves again. A participant from the initial coin offering (ICO) of Ethereum has transferred another 1,060 ETH, valued at $5.1 million, to the exchange platform Kraken. This is the fourth transfer to this exchange in recent days, raising the total of their weekly deposits to approximately $24.1 million.
The address, which according to onchain analysts has been transferring funds since Monday, has deposited a total of 4,281 ETH in Kraken in just four days.
Historical Gains: This pioneering "hodler" initially acquired 100,000 ETH for just $31,100 during the ICO, meaning their current holdings are valued at nearly $471 million.
Despite the recent deposits, Onchain Lens analysts point out that the whale still holds over 50,000 ETH in total across multiple wallets, indicating that this is just a small portion of their vast holdings.