RED ALERT IN ETHEREUM!
The Historic ICO Whale Continues Its Massive Dump, $19 Million in ETH Transferred to Kraken in One Day and the Weekly Total Already Exceeds $43 Million
The saga of the oldest whale #Ethereum continues, and the market is on edge. An early participant in the Ethereum Initial Coin Offering (ICO) has transferred another 4.460 #ETH , valued at approximately $19 million, to the Kraken exchange platform.
This massive movement is part of a series of dumps that have already totaled over $43.9 million in the past week.
The wallet with the address "0x815", which was one of the first to participate in the Ethereum ICO, has sent 9.803 ETH to exchanges in the last seven days. These movements include several million-dollar transfers detected by blockchain trackers.
Historic Gains: The whale initially received 100,000 ETH for just $31,100 during the ICO. Despite having transferred a considerable portion of its holdings, the investor still retains a fortune valued at hundreds of millions of dollars.
Sell Pressure Indicator: Although transfers to exchanges do not guarantee a sale, they are widely interpreted as a signal that the holder plans to liquidate part of their assets. This behavior generates speculation about potential sell pressure in the market, especially at a time when the price of Ether is at elevated levels.
Remaining Balance: According to Arkham data, the wallet has only 197 ETH left, valued at $843,900 at the current price, indicating that the unloading from this specific address is about to conclude.
